Q: May I have your comments on TMX earnings please
5i Research Answer:
EPS of 41c beat estimates of 39c; Revenue of $353.8M beat estimates of $351M. EBITDA of $197.5M beat estimates by 2.5%. Revenue rose 23%, with Global Insights and Analytics seeing 41% growth. Derivatives were also strong at 23% growth. Growth here was offset somewhat by challenging capital-raising conditions. We would be quite comfortable with these results.