Q: What do you think of TMX Group results ? Any chance, stock could recover from a precipitous decline over past several weeks ?
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Thank You
5i Research Answer:
EPS of 52c beat estimates of 49.5c; revenue of $418.6M beat estimates of $409.6M. EBITDA of $237.1M beat estimates by 2.6%. Revenue rose 18%. Derivatives showed the best growth at 27%. Results look fine, but the conference call has not yet occurred at the time of this answer.