CME 1Q Profit, Sales Fall After Trading Returns to Pre-Pandemic Levels
April 28 2021 - 7:49AM
Dow Jones News
By Dieter Holger
CME Group Inc.'s profit and sales fell in the last quarter after
trading volumes returned to pre-pandemic levels.
The Chicago-based futures-and-options marketplace said Wednesday
that its net income was $574.4 million in the first quarter ended
March 31, down from $766.2 million a year ago. It booked per-share
earnings of $1.60, versus last year's $2.14.
Its adjusted earnings were $1.79, beating analysts' expectations
of $1.76 a share, according to FactSet.
Sales fell to $1.25 billion from $1.52 billion a year ago. That
came shy of analysts' forecast of $1.26 billion.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
April 28, 2021 07:34 ET (11:34 GMT)
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