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CME CME Group Inc

208.34
0.00 (0.00%)
Pre Market
Last Updated: 09:00:07
Delayed by 15 minutes
Share Name Share Symbol Market Type
CME Group Inc NASDAQ:CME NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 208.34 206.25 208.75 0 09:00:07

CME 1Q Profit, Revenue Rise Beyond Expectations

29/04/2020 12:52pm

Dow Jones News


CME (NASDAQ:CME)
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By Dieter Holger

 

CME Group Inc. said Wednesday that profit and revenue rose above analysts' expectations in the latest quarter as its exchanges saw heightened levels of trading.

The Chicago-based markets company reported earnings of $766.2 million, or $2.14 a share, in the first quarter, compared with $496.9 million, or $1.39 a share, a year ago. Adjusted earnings were $2.33 a share.

Analysts polled by FactSet forecasted adjusted earnings of $2.23 a share.

Revenue was $1.52 billion in the quarter, compared with $1.18 billion a year before. Analysts had expected $1.49 billion in sales.

Terry Duffy, CME's chairman and chief executive, said the company saw higher levels of client hedging and risk transfer during the latest quarter across all its products and time zones, with average daily trading volume rising 45% in the quarter compared with a year ago.

Government efforts globally to contain the new coronavirus have spurred volatility in financial markets.

 

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

 

(END) Dow Jones Newswires

April 29, 2020 07:37 ET (11:37 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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