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Thursday, February 10, 2011

CBOE says Q4 profit up 45 pct, access fees to slip, (NASDAQ: CBOE)

CBOE Holdings Inc (CBOE.O), which operates the oldest U.S. stock-options market, said on Thursday that adjusted quarterly profit jumped a better-than-expected 45 percent, but said that the access fees that drove the rise would come in at a slower pace this year. Net income in the fourth quarter rose to $30.9 million, or 32 cents a share, from $21.3 million a year earlier, when the company was privately held. Operating revenue rose 17 percent to $113 million. Figures were adjusted for bookkeeping items including a customer coding error. Analysts on average had expected earnings of 29 cents a share, according to Thomson Reuters I/B/E/S.

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