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CME CME Group Inc

197.68
0.67 (0.34%)
Last Updated: 20:10:32
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
  0.67 0.34% 197.68 197.66 197.73 199.55 197.6601 198.29 984,373 20:10:32

CME Group Reports Higher Earnings on Higher Trading Volume

26/07/2018 1:28pm

Dow Jones News


CME (NASDAQ:CME)
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   By Robert Barba 
 

CME Group (CME) reported its second quarter net income increased 36% as higher trading volume and transaction fees pushed revenue higher.

The Chicago-based derivatives marketplace reported net income of $566 million, or $1.66 a share, compared to $416 million, or $1.22 a share, a year earlier. On an adjusted basis, the company's earnings were $591 million, or $1.74 a share. Earnings came in a penny below expectations, while adjusted earnings were two cents higher than expectations, according to analysts polled by FactSet.

Revenue was $1.06 billion, up 15% from a year earlier, as average daily trading volume ticked up 12% and clearing and transaction fees increased 14%.

Expenses were $393 million, up 23%.

Shares of CME were flat in premarket trading and are up 16.07% for the year.

 

Write to Robert Barba at robert.barba@wsj.com

 

(END) Dow Jones Newswires

July 26, 2018 08:13 ET (12:13 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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