February 7, 2020 / 12:39 PM / in 17 days

Exchange operator Cboe quarterly profit falls 37%

Feb 7 (Reuters) - Exchange operator Cboe Global Markets Inc reported a 37% fall in quarterly profit on Friday, as lower volatility hit the company's transaction business.

Net income allocated to common stockholders fell to $86.1 million, or 77 cents per share, in the fourth quarter ended Dec 31, from $137.3 million, or $1.23 per share, a year earlier.

Net revenue fell to $280.3 million from $334.4 million. (Reporting by Bharath Manjesh in Bengaluru; Editing by Amy Caren Daniel)

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