CME Group Inc. (CME:US), the world’s largest futures market, said second-quarter profit rose 27 percent compared with the year-earlier period as record foreign exchange and metals trading helped boost volume.
Net income climbed to $311 million, or 93 cents a share, from $245 million, or 74 cents a share, a year earlier, Chicago-based CME Group said today in a statement distributed by PR Newswire. The company was expected to earn 90 cents per share, according to an analyst survey conducted by Bloomberg.
Revenue rose 2.5 percent to $816 million last quarter, from $796 million a year ago, the company said.
The exchange operator said last month that 14.3 million contracts changed hands a day in the second quarter, a gain of 16 percent from the year-earlier period. CME Group offers futures based on interest rates, equity indexes, commodities and energy products.
CME Group shares (CME:US) have risen 42 percent in the past year through yesterday. They declined 0.1 percent to $74.06 yesterday in New York.
(CME Group will hold a conference call for analysts and investors at 8:30 a.m. in New York. To listen, access the company’s Web site at http://www.cmegroup.com)
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