By Pietro Lombardi 
 

Deutsche Boerse AG said late Wednesday that its third-quarter profit fell, but it confirmed its profit guidance for the year.

The German stock-exchange operator said quarterly net profit fell 9% to 227.1 million euros ($266.8 million).

Total revenue fell 2% to EUR813.6 million.

The company confirmed its profit guidance for the year, forecasting adjusted net profit of about EUR1.20 billion.

"Amongst other factors this is subject to an increase of market activity in the fourth quarter," it said.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10

 

(END) Dow Jones Newswires

October 29, 2020 02:09 ET (06:09 GMT)

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