U.S. News

CME Profit Rises on Record Futures Trading


CME Group, parent of the world's largest futures exchange, said on Tuesday that second-quarter profit rose on growth in derivatives trading volume.


The Chicago-based company said net income increased to $126 million, or $3.57 per share, from $109.5 million, or $3.12 a share, a year earlier.

Excluding expenses from this month's merger between Chicago Mercantile Exchange and Chicago Board of Trade, second-quarter earnings would have been $3.69 per share.

Revenue increased 17% to $329 million from $282 million.

Analysts on average had expected net income of $3.66 per share on revenue of $330.51 million, according to Reuters Estimates.