CME Group’s Profit Plummets 41%, but Still Beats View; Revenue Misses (CME)

By
A A A
Share |

Futures exchange operator CME Group Inc ( CME ) on Thursday posted a sharp decline in first quarter earnings, hurt by higher costs and lower revenue.

The Chicago-based company reported first quarter net income of $266.6 million, or $4.02 per share, compared with $456.6 million, or $6.81 per share, in the year-ago period.

Revenue fell almost 7% from last year to $774.6 million.


On average, Wall Street analysts expected a smaller profit of $4 per share, albeit on higher revenue of $778.91 million.

CME Group shares fell $4.28, or -1.6%, in morning trading Thursday.

The Bottom Line
Shares of CME Group ( CME ) have a 3.27% dividend yield, based on last night's closing stock price of $273.14. The stock has technical support in the $260 price area. If the shares can firm up, we see overhead resistance around the $280-$287 price levels.

CME Group Inc ( CME ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: CME

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

67%

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com