TMX reports Q3 earnings results - 1310 NEWS
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TMX reports Q3 earnings results

Last Updated Nov 9, 2017 at 9:20 pm EST

TORONTO – TMX Group Limited suggested that it’s holding its own despite some “challenging” conditions in capital markets.

TMX reported revenue of $166.1 million in the third quarter ending Sept. 30 of this year, an eight per cent drop compared to the same period a year ago.

TMX said Thursday that its third quarter net income totalled $51.9 million compared to $39.2 million a year ago.

The diluted earnings per share amounted to 93 cents in the quarter, up 29 per cent from last year’s third quarter.

The adjusted diluted earnings, which excludes some one-time items including the effect of selling businesses, were $1.06 per share in the third quarter, down two per cent compared to last year.

John McKenzie, the Chief Financial Officer of TMX Group, said he sees some positives in the results.

“Our earnings performance during the past quarter demonstrates the strength and resiliency of our overall business, as we reported revenue growth in both the derivatives and energy businesses in the face of challenging conditions in capital markets,” McKenzie said in a news release on Thursday.

The TMX Group includes the Montreal and Toronto stock exchanges.

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