BATS Global Markets Profit Drops in Q2 2016, Net Revenues Surge YoY
Posted: Wed Aug 03, 2016 2:12 pm
Bats Global Markets, Inc. (Bats: BATS), the Lenexa-based operator of the U.S second-largest stock exchange, reported a decrease in its earnings in the three months ending June 30, 2016 compared with a year ago.
Bats said on Thursday that it earned in the second quarter $17.9 million, or 19 cents a share. This represents an YoY loss of 12.3 percent and 9.5 percent respectively. It earned $20.4 million, or 21 cents a share, in the same months of 2015. The decrease was due primarily to a pretax $18 million debt refinancing charge in the latest period. However, the company says the ... (read more)