CME: 4Q Earnings Snapshot
CHICAGO (AP) _ CME Group Inc. (CME) on Thursday reported fourth-quarter net income of $385.5 million.
The Chicago-based company said it had profit of $1.09 per share. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, came to $1.77 per share.
The results topped Wall Street expectations. The average estimate of five 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 $1.24 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.16 billion.
For the year, the company reported profit of $1.96 billion, or $5.71 per share. Revenue was reported as $4.31 billion.
CME shares have declined 4 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 10 percent. The stock has risen 13 percent in the last 12 months.