CME Group profit climbs 13% on higher trading
People walk by CME headquarters on November 1, 2013. (Nancy Stone/Chicago Tribune / May 1, 2014)
Net profit rose to $266.8 million, or 79 cents a share, from $235.8 million a year ago, or 71 cents a share. Adjusted earnings were 83 cents a share, which was in line with analysts' expectations, according to Thomson Reuters I/B/E/S.
Revenue increased to $777.4 million from $718.6 million, topping expectations for $776 million.
CME owns the Chicago Board of Trade, Chicago Mercantile Exchange and other exchanges.