CME Group’s Q3 Earnings Beat View on Higher Trading Volume (CME)

By
A A A
Share |

Futures exchange operator CME Group Inc. ( CME ) 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 million.

CME Group shares were unchanged in premarket trading Tuesday.

The Bottom Line
Shares of CME Group ( CME ) 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. ( 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

57,474,330
  • $74.25 ▼ 2.12%
52,772,575
  • $9.37 ▼ 6.30%
31,057,675
  • $17.01 ▲ 0.12%
29,283,859
  • $41.9102 ▼ 0.40%
26,499,428
  • $32.805 ▼ 3.29%
25,694,676
  • $11.435 ▲ 2.01%
24,868,243
  • $4.5769 ▼ 14.93%
21,791,873
  • $5.99 ▼ 0.17%
As of 10/30/2014, 12:56 PM

Find a Credit Card

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