CME: 4Q Earnings Snapshot
CHICAGO (AP) _ CME Group Inc. (CME) on Wednesday reported fourth-quarter profit of $469.5 million.
The Chicago-based company said it had profit of $1.31 per share. Earnings, adjusted for one-time gains and costs, were $1.52 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The parent company of the Chicago Board of Trade and other exchanges posted revenue of $1.14 billion in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $1.15 billion.
For the year, the company reported profit of $2.12 billion, or $5.91 per share. Revenue was reported as $4.87 billion.
CME shares have increased slightly more than 5% since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 4%. The stock has climbed 19% 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