CME: 3Q Earnings Snapshot
CHICAGO (AP) _ CME Group Inc. (CME) on Wednesday reported third-quarter profit of $636.3 million.
On a per-share basis, the Chicago-based company said it had profit of $1.78. Earnings, adjusted for one-time gains and costs, came to $1.90 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The parent company of the Chicago Board of Trade and other exchanges posted revenue of $1.28 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.27 billion.
CME shares have increased roughly 7% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 21%. The stock has climbed 12% in the last 12 months.