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CME Group Q4 Profit Down

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

CME Group Inc. (CME) Tuesday reported fourth-quarter net income of $166.8 million or $0.50 per share, compared to $745.9 million or $2.25 per share last year.

On an adjusted basis, earnings for the quarter were $0.63 per share for the period.

On average, analysts polled by Thomson Reuters expected earnings of $0.63 per share for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the period dropped to $660.9 million from $736.5 million last year.

Analysts estimated revenues of $660.2 million for the quarter.

Income tax provision for the quarter was $185.4 million, compared to a benefit of $377.0 million last year.

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