A screen at the TMX Market Centre in downtown Toronto is shown on Friday, November 11, 2022. TMX Group Ltd. reported a profit of $89.0 million in its first quarter as its revenue rose to hit a record $299.1 million THE CANADIAN PRESS/Tijana Martin
TIJTORONTO - TMX Group Ltd. reported a profit of $89.0 million attributable to shareholders in its first quarter as its revenue rose four per cent to hit a record $299.1 million.
The operator of the Toronto Stock Exchange says its revenue for the quarter was up from $287.4 million in the same quarter last year.
TMX says its profit amounted to $1.59 per diluted share for the quarter ended March 31.
The result compared with a profit of $267.4 million or $4.75 per diluted share a year earlier when it benefited from the acquisition of voting control of Box Holdings Group LLC, an all-electronic equity options market.
On an adjusted basis, TMX earned $1.85 per diluted share in its latest quarter, up from an adjusted profit of $1.82 per diluted share in the first quarter of last year.
Analysts on average had expected an adjusted profit of $1.77 per share and $286.6 million in revenue, according to estimates compiled by financial markets data firm Refinitiv.
"Our results for the first quarter reflect the continued resiliency of our diverse business model as we work through a challenging macro backdrop," TMX chief financial officer David Arnold said in a statement.
"Revenue excluding Wall Street Horizon, SigmaLogic, and Box increased by six per cent compared with the first quarter of last year, as we continue to invest in growth to meet our long-term financial objectives."
This report by °µÍø½ûÇø was first published May 2, 2023.
Companies in this story: (TSX:X)
°µÍø½ûÇø. All rights reserved.
Victoria Mboko earned the biggest win of her young career with a dominant win over…
Bright rides, skill-testing games, and sticky cotton candy are hallmarks of travel…
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
