CME Group Misses Slightly on Q3 EPS
CME Group shares closed lower yesterday following the release of its Q3 results. For the quarter, the exchange operator's revenues were $714.6 million, an improvement over the $683.2 million in the same period the previous year. Attributable net income also advanced, coming in at $236.7 million ($0.71 per diluted share), against Q3 2012's $218.0 million ($0.66).
Analysts had been expecting revenue of $713 million and EPS of $0.73.
In the press release unveiling the results, the company said the improved results were due to increases in demand for several of its services, chiefly its over-the-counter interest rate swap clearing.
Following the announcement of the results, the company's stock drooped by 1.2%, or $0.88, to close the day at $73.82.
The article CME Group Misses Slightly on Q3 EPS originally appeared on Fool.com.Fool contributor Eric Volkman has no position in CME Group. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.