CME CME Group Inc

By Dieter Holger

CME Group Inc. said Wednesday that profit and revenue rose above analysts' expectations in the latest quarter as its exchanges saw heightened levels of trading.

The Chicago-based markets company reported earnings of $766.2 million, or $2.14 a share, in the first quarter, compared with $496.9 million, or $1.39 a share, a year ago. Adjusted earnings were $2.33 a share.

Analysts polled by FactSet forecasted adjusted earnings of $2.23 a share.

Revenue was $1.52 billion in the quarter, compared with $1.18 billion a year before. Analysts had expected $1.49 billion in sales.

Terry Duffy, CME's chairman and chief executive, said the company saw higher levels of client hedging and risk transfer during the latest quarter across all its products and time zones, with average daily trading volume rising 45% in the quarter compared with a year ago.

Government efforts globally to contain the new coronavirus have spurred volatility in financial markets.

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

(END) Dow Jones Newswires

April 29, 2020 07:37 ET (11:37 GMT)

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