TMX Group Reports Weak Q4 Earnings as Revenues Plunge
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TMX Group Reports Weak Q4 Earnings as Revenues Plunge
TMX Group, operator of the Toronto Stock Exchange and four sovereign marketplaces, has disclosed its Q4 financial metrics, ending December 31 2015, having incurred lower revenues and figures over a yearly basis, according to a TMX statement.
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During Q4 2015, TMX’s revenue came in at $177.1 million, which constitutes a decline of -3.1% YoY from $182.7 million in Q4 2014. This figure was bogged down by the group’s income from operations, which tumbled to $52.3 million in Q4 2015 from $67.0 million in Q4 2014, or 21.9% YoY. ... (read more)
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