=Cboe Global Markets (CBOE) reported earnings on Fri 2 Nov 2018 (b/o)

Cboe Global Markets beats by $0.04; revs in-line; reaffirms guidance 

Reports Q3 Adusted EPS of $1.06 vs $1.02 Capital IQ consensus; revs of $270.5 mln vs $271.4 mln consensus

Outlook: Co reaffirmed its financial guidance for the 2018 fiscal year as follows:

• Adjusted operating expenses are expected to be in a range of $420 to $428 million. The guidance excludes the amortization of acquired intangible assets of $157 million, which the company plans to include in its non-GAAP reconciliation.
• Depreciation and amortization expense, which is included in adjusted operating expenses above, is expected to be in the range of $43 to $48 million, excluding the amortization of acquired intangible assets of $157 million.
• Capital expenditures are expected to be in the range of $35 to $40 million. This includes the company's ongoing investments in technology, including Cboe's migration to Bats technology.