Recap: CME Group Q2 Earnings

Shares of CME Group CME moved higher by 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 7.39% over the past year to $1.63, which beat the estimate of $1.62.

Revenue of $1,182,000,000 declined by 7.15% year over year, which missed the estimate of $1,200,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

CME Group hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 29, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/jrmq9sfm

Technicals

52-week high: $225.36

Company's 52-week low was at $131.80

Price action over last quarter: down 6.60%

Company Description

Based in Chicago, CME Group operates exchanges that allow investors, suppliers, and businesses to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The CME was founded in 1898 and in 2002 completed its initial public offering. Since then, CME Group has consolidated part of the industry by merging with crosstown rival CBOT Holdings (2007) before acquiring Nymex Holdings in 2008. In addition, CME has a 27% stake in S&P/Dow Jones Indexes LLC along with an exclusive license to trade and clear S&P futures contracts.