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Options exchange operator CBOE's profit falls on higher costs
February 6, 2017 / 9:14 PM / 9 months ago

Options exchange operator CBOE's profit falls on higher costs

Feb 6 (Reuters) - CBOE Holdings Inc, the operator of the largest U.S. options exchange, reported a 10.8 percent fall in quarterly profit, hit by higher costs.

Chicago-based CBOE said on Monday that net income allocated to common shareholders fell to $44.8 million, or 55 cents per share, in the fourth quarter ended Dec. 31, from $50.2 million, or 61 cents per share, a year earlier.

The company’s operating expenses rose about 10 percent to $88.14 million. (Reporting by Sruthi Shankar in Bengaluru; Editing by Maju Samuel)

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