CME: 2Q Earnings Snapshot
CME: 2Q Earnings Snapshot
CHICAGO (AP) _ CME Group Inc. (CME) on Thursday reported second-quarter profit of $566.1 million.
On a per-share basis, the Chicago-based company said it had profit of $1.66. Earnings, adjusted for one-time gains and costs, came to $1.74 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.
The parent company of the Chicago Board of Trade and other exchanges posted revenue of $1.06 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.05 billion.
CME shares have climbed 16 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6.5 percent. The stock has climbed 39 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CME at https://www.zacks.com/ap/CME