CME Group (CME) Tops Q3 EPS by 4c

CME Group (NASDAQ: CME) reported Q3 EPS of $1.02, $0.04 better than the analyst estimate of $0.98. Revenue for the quarter came in at $850 million versus the consensus estimate of $841.06 million.

"We delivered balanced organic revenue growth in the third quarter," said CME Group Executive Chairman and President Terry Duffy. "Commodity products revenue grew by 14 percent, financial products were up 10 percent, and market data revenue rose 13 percent. This top-line performance, coupled with solid expense discipline, resulted in earnings growth above 20 percent, similar to the level of growth produced during the first half of the year. In addition, we generated a substantial amount of cash flow during the quarter, positioning us well to return a meaningful amount of capital to our shareholders in the coming months."

"Our focused growth initiatives are significantly increasing our global activity," said CME Group Chief Executive Officer Phupinder Gill. "For the third quarter, electronic trading revenue from customers outside the United States reached a record 32 percent. Additionally, we have made system enhancements, launched new products and heavily engaged with customers to continue to drive our expanding options business. During the quarter, we reached record levels of options volume and the highest percentage of volume traded electronically. In addition, we have been very active over the last few months partnering with global exchanges and index providers to further drive long-term growth."

For earnings history and earnings-related data on CME Group (CME) click here.

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