CME Group Reports Higher Earnings on Higher Trading Volume
26 July 2018 - 10:28PM
Dow Jones News
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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