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CME Group (CME) Reports In-Line Q1 EPS

April 28, 2016 7:03 AM

CME Group (NASDAQ: CME) reported Q1 EPS of $1.15, in-line with the analyst estimate of $1.15. Revenue for the quarter came in at $934 million versus the consensus estimate of $947.15 million.

"Our record first-quarter financial performance was driven by our highest quarterly average daily volume to date, including record volumes in energy, overall options and electronic options," said CME Group Executive Chairman and President Terry Duffy. "We delivered record revenue and operating income, and 17 percent growth in adjusted diluted earnings per share. These strong results reflect our continued progress in executing on our long-term growth initiatives. At the same time, we are committed to returning cash to our shareholders, as evidenced by $1.2 billion in dividends being paid out during the quarter."

"Strong, balanced performance across our diverse product portfolio, coupled with a continued focus on expense discipline, allowed us to expand our operating margin in the first quarter," said CME Group Chief Executive Officer Phupinder Gill. "We saw a significant increase in global participation in our markets, with average daily volume of 3.7 million contracts traded from outside of the United States, up 24 percent from first-quarter 2015. The solid quarterly activity was underscored by continued momentum in open interest, as we reached a record daily level of 116 million contracts in the first quarter, and open interest remains elevated."

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

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