Nov 8, 2019
TMX Group reports record revenue on higher derivatives trading
The Canadian Press
TORONTO — TMX Group Ltd. says earnings edged up in the third quarter as it hit record revenue for the period.
The owner of the Toronto Stock Exchange says it earned $61.7 million, or $1.9 per diluted share, for the three months ending Sept. 30, up from $57.5 million, or $1.02 per share, for the same stretch last year.
Adjusted earnings were $1.25 per diluted share for the quarter, up from $1.19 per share last year.
Revenue was $196.3 million, up from $192.8 million for the third quarter last year.
Analysts had expected earnings per share of $1.45, and revenue of $208.2 million, according to financial markets data firm Refinitiv.
The company says revenue was boosted by higher derivatives trading and clearing and by Trayport, its energy trading platform.
