Q: Hi guys
Please provide feedback for the following quarterly results, X,
Thanks,
Jim
Please provide feedback for the following quarterly results, X,
Thanks,
Jim
5i Research Answer:
TMX (X) reported EPS of 52c, beating estimates of 51c; revenue was $421.7M, marginally beating estimates. EBITDA of $236.7M also slightly beat. The dividend was increased by 10%. The good results largely reflect lower operating expenses. Derivatives and VettFi helped the top line. Organic growth momentum was good. Revenue rose 15% year over year. The TSX also listed 123 new ETFs, and noted 'we are seeing more financing activity'. Things look fine here.