CME Group Tops Q2 Earnings and Revenue Estimates
CME Group (NASDAQ: CME) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.51 per share. This compares to earnings of $2.30 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.99%. A quarter ago, it was expected that this parent company of the Chicago Board of Trade and other exchanges would post earnings of $2.44 per share when it actually produced earnings of $2.50, delivering a surprise of 2.46%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
CME, which belongs to the Zacks Securities and Exchanges industry, posted revenues of $1.53 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.99%. This compares to year-ago revenues of $1.36 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s …
Full story available on Benzinga.com