(Reuters) – Exchange operator Cboe Global Markets Inc on Friday beat fourth-quarter profit estimates on Friday, driven by heavy trading volumes from investors reworking their portfolios to hedge against risks from the market rout.
On an adjusted basis, net income rose to $1.80 per share in the quarter ended Dec. 31, above Wall Street estimates of $1.76 per share according to Refinitiv data.
(Reporting by Anirban Chakroborti in Bengaluru; Editing by Krishna Chandra Eluri)
