CHICAGO (AP) — CHICAGO (AP) — CME Group Inc. (CME) on Wednesday reported fourth-quarter profit of $1.18 billion.
The Chicago-based company said it had profit of $3.24 per share. Earnings, adjusted for non-recurring gains, came to $2.77 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.75 per share.
The parent company of the Chicago Board of Trade and other exchanges posted revenue of $1.65 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $1.63 billion.
For the year, the company reported profit of $4.07 billion, or $11.16 per share. Revenue was reported as $6.52 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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