DBOEF Deutsche Boerse Ag Namen Akt (PK)

   By Pietro Lombardi 
 

Deutsche Boerse AG's (DB1.XE) said Wednesday net profit in the second quarter rose as growing revenue offset higher operating costs, but the profit missed analysts expectations.

The German stock-exchange operator reported a net profit of 210.3 million euros ($245.8 million) for the period, up from EUR176.3 million a year earlier.

Net revenue rose 10%, to EUR687 million.

Analysts had expected the company to post net profit of EUR236.1 million on revenue of EUR683.7 million, according to a consensus compiled by FactSet.

"We are currently right on track to achieve our guidance of at least 10% earnings growth for the full year 2018," Chief Financial Officer Gregor Pottmeyer said.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

July 25, 2018 13:27 ET (17:27 GMT)

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