CME Group, Inc. (CME) Reports In-Line Q1 EPS

CME Group, Inc. (NASDAQ: CME) reported Q1 EPS of $0.831, in-line with the analyst estimate of $0.83. Revenue for the quarter came in at $777 million, versus $718.6 million reported last year.

"In first-quarter 2014, we posted industry-leading volume growth of 9 percent, driven by our interest rate, equity index and agricultural products," said CME Group Executive Chairman and President Terry Duffy. "Following Federal Reserve comments related to quantitative easing and the target federal funds rate, our Eurodollar futures reached a daily record of 6 million contracts traded on March 19. Further, market participants have begun to adjust their risk management activities in the short end of the interest rate curve, as evidenced by our 47 percent growth in Eurodollar volume in the first quarter followed by 73 percent growth in April."

"In 2014, we continue to meet the needs of our customers by delivering innovative new products and services," said CME Group Chief Executive Officer Phupinder Gill. "We recently launched our London-based derivatives exchange, CME Europe, allowing our European clients to manage risk and access liquidity in their local jurisdiction. With London as the center of global FX trading, we will focus on FX futures initially, and add other products going forward. We also launched a Euro-denominated deliverable swap futures product, and plan to launch a North American physically delivered aluminum futures contract in second-quarter 2014."

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

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