(Toronto) TMX Group posted profit attributable to shareholders of 89.0 million for its first quarter on Tuesday, as its revenue climbed 4% to a record high of 299.1 million.
The Toronto Stock Exchange operator said its quarterly revenue was $287.4 million in the same period last year.
Earnings per share reached $1.59 for the quarter ended March 31.
That result compared with a profit of $267.4 million, or $4.75 per share, for the prior first quarter, for which TMX Group had benefited from the acquisition of voting control of Box Holdings Group, a stock exchange. fully electronic options.
On an adjusted basis, TMX earned $1.85 per share in the most recent quarter, compared to adjusted earnings of $1.82 for the first quarter of last year.
Analysts on average had expected adjusted earnings of $1.77 per share and revenue of $286.6 million, according to forecasts compiled by financial data firm Refinitiv.
“Our first quarter results reflect the continued resilience of our diversified business model despite the challenging macroeconomic environment,” TMX Chief Financial Officer David Arnold said in a statement.
“Excluding Wall Street Horizon, SigmaLogic and Box, revenue grew 6% over the first quarter last year as we continue to invest in growth to achieve our goals long-term finance. »