CME Group 4Q Profit, Revenue Rises on Higher Trading Volume
09 February 2022 - 11:49PM
Dow Jones News
By Kimberly Chin
CME Group Inc. said its profit rose for the fourth quarter as
trading increased driven by demand for tools that hedge against
volatile markets.
The exchange operator posted net income attributable to the
company of $625.2 million, compared with $424 million in the prior
year. Earnings were $1.71 a share, compared with $1.18 a share in
the year-ago period.
Adjusted earnings were $1.66 a share. Analysts polled by FactSet
were expecting $1.64 a share.
Revenue was $1.15 billion, up from $1.1 billion in the same
period last year. Analysts were expecting $1.17 billion.
Average daily volume increased 26% during the quarter.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
February 09, 2022 07:34 ET (12:34 GMT)
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