CHICAGO (AP) — CHICAGO (AP) — CME Group Inc. (CME) on Wednesday reported first-quarter net income of $855.2 million.
The Chicago-based company said it had profit of $2.35 per share. Earnings, adjusted for one-time gains and costs, came to $2.50 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.
The parent company of the Chicago Board of Trade and other exchanges posted revenue of $1.49 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $1.48 billion.
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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
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