UPDATE: CME Group Posts In-Line Q4 Earnings
CME Group (NASDAQ: CME) reported a 78% drop in its fourth-quarter earnings.
CME Group's quarterly profit fell to $166.8 million, or $0.50 per share, from $745.9 million, or $2.25 per share, in the year-ago period. Excluding special items, its adjusted earnings came in at $0.63 per share.
Its revenue fell 10% to $660.9 million. However, analysts were expecting earnings of $0.63 per share on revenue of $660 million.
Its operating margin widened to 56.8% from 53%.
CME Group shares closed at $59.18 yesterday.
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