AP NEWS

CME: 3Q Earnings Snapshot

October 30, 2019 GMT

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.

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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 CME at https://www.zacks.com/ap/CME