CME Group Misses Adjusted EPS Estimates, Beats on Revenue in 3Q
October 28 2020 - 6:54AM
Dow Jones News
By Robert Barba
CME Group Inc. posted better-than-expected revenue in the latest
quarter, but fell short of analysts' expectations on earnings.
The security and commodity exchange company reported
third-quarter net income of $411.7 million, or $1.15 a share,
compared with $636.3 million, or $1.78 a share, a year earlier.
Adjusted earnings were $1.38 a share. Analysts polled by FactSet
expected earnings of $1.41 a share.
Revenue was $1.08 billion, down from $1.28 billion a year
earlier. Analysts expected revenue of $1.09 billion.
Clearing and transaction fees were $835.4 million, down from
$1.04 billion a year earlier.
"Despite the many challenges created by the ongoing pandemic,
our metals, equities, agriculture and data services businesses
showed strong performance during the third quarter," Chairman and
Chief Executive Terry Duffy said in prepared remarks.
Expenses were $555.7 million, down from $592.1 million a year
earlier.
Write to Robert Barba at robert.barba@wsj.com
(END) Dow Jones Newswires
October 28, 2020 07:39 ET (11:39 GMT)
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