CME profit plunges 34.7% on higher expenses

FAN Editor 7 years ago

Oct 26 (Reuters) – CME Group Inc, the world’s largest futures market operator, reported a 34.7 percent fall in quarterly profit, hurt by higher expenses.

Continue Reading Below

The Illinois-based company’s net income fell to $308.6 million, or $0.91 per share, in the third quarter ended Sept. 30, from $472.8 million, or $1.39 per share, a year earlier.

On an adjusted basis, CME earned $1.19 per share. (Reporting by Roopal Verma in Bengaluru; Editing by Maju Samuel)

Leave a Reply

Next Post

Xerox profit, sales top estimates on cost cuts

Thu Oct 26 , 2017
Oct 26 (Reuters) – Printer and copier maker Xerox Corp reported higher-than-expected quarterly profit and revenue on Thursday, boosted by new product rollouts and cost cuts. Continue Reading Below The company’s shares were up 1.5 percent in light premarket trading. Xerox’s total costs declined 5.4 percent to $2.3 billion in […]

You May Like