TMX Group (X.TO), the operator of the Toronto Stock Exchange, reported higher-than-expected quarterly earnings on increased revenue from new listings and derivatives trading, along with lower operating expenses. But its second-quarter net income fell, due to one-time charges linked to the failed merger with the London Stock Exchange (LSE.L) and charges associated with a rival bid from Maple Group, a consortium of Canadian financial firms and pension funds. The Maple Group, earlier this week, extended the deadline for its C$3.8 billion bid to Sept. 30, as it seeks the necessary regulatory approvals. Excluding one-time items, TMX's earnings came to 94 Canadian cents a share. Analysts, on average, had forecast earnings of 90 cents a share, according to Thomson Reuters I/B/E/S.
TMX Group Inc. is an integrated, multi-asset class exchange group.
