CME Group (CME) Tops Q2 EPS by 2c, Sales Miss
CME Group (NASDAQ: CME) reported Q2 EPS of $1.23, $0.02 better than the analyst estimate of $1.21. Revenue for the quarter came in at $925 million versus the consensus estimate of $930.55 million.
"We drove strong growth in key product areas, with average daily volume up nine percent for the second quarter," said CME Group Chairman and Chief Executive Officer Terry Duffy. "We delivered double-digit increases in our interest rate and energy product lines, and, for the third quarter in a row, we had record volume in metals. Globally, volumes from outside the United States grew 16 percent, with record quarterly volume from both Europe and Asia. In addition, our focus on expense discipline resulted in peak levels of adjusted net income and earnings per share for the quarter."
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