CHICAGO (AP) — CHICAGO (AP) — CBOE Global Markets, Inc. (CBOE) on Friday reported first-quarter earnings of $208.3 million.

The Chicago-based company said it had net income of $1.96 per share. Earnings, adjusted for one-time gains and costs, were $2.15 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.

The holding company for the Chicago Board Options Exchange posted revenue of $957.2 million in the period. Its adjusted revenue was $502.1 million, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $507.8 million.

CBOE shares have decreased 2% since the beginning of the year. The stock has increased 26% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBOE at https://www.zacks.com/ap/CBOE