TMX Group Profit Tops Estimates as Listing Fee Revenue Rises
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TMX Group Ltd., owner of the Toronto Stock Exchange, reported second-quarter profit that topped analysts’ estimates after higher listing fees boosted revenue.
TMX’s net income was C$25.5 million ($24.8 million), or 47 cents a share, the Toronto-based company said today in a statement. Revenue was C$182.3 million. The numbers from a year earlier aren’t strictly comparable because a new company was formed by the sale of the exchange owner to a group of banks and pension funds.