Futures exchange operator CME Group Inc. (
) on Tuesday posted a 29% uptick in third quarter earnings, as its
clearing and transaction fee revenue rose sharply.
The Chicago-based company reported third quarter net income of
$316.1 million, or $4.74 per share, up from $244.3 million, or
$3.66 per share, in the year-ago period.
Revenue rose 19% from last year to $874 million.
On average, Wall Street analysts expected a smaller profit of
$4.69 per share, albeit on slightly higher revenue of $875.55
CME Group shares were unchanged in premarket trading
The Bottom Line
Shares of CME Group (
) have a 2.03% dividend yield, based on last night's closing stock
price of $275.56. The stock has technical support in the $250-$260
price area. If the shares can firm up, we see overhead resistance
around the $280-$290 price levels.
CME Group Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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