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CME Group Reports Decreased Earnings; Misses Analysts Estimates (CME)
Derivatives exchange, CME Group Inc( CME ) reported declined profits for the quarter, and missed analysts expectations.
The Chicago based company reported third quarter earnings of $218 million, or 66 cents, missing analysts expectations of 72 cents by 6 cents. This years Q3 declined by 31% from last years result of $316.1 million or $0.95 per share.
Reported revenue of $683 million, declined by 21% from last years revenue of 874.2 million, and missed the estimate of $701.5 million.
CME Group shares were down $1.60, or -2.83% on Thursday morning.
The Bottom Line
Shares of CME Group ( CME ) have a 3.18% dividend yield, based on last night's closing stock price of $56.55. The stock has technical support in the $50-$52 price area. If the shares can firm up, we see overhead resistance around the $59-$60 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.