Categories AlphaGraphs, Earnings, Finance
Infographic: CME Group Q4 adj. profit jumps on strong revenue growth
CME Group Inc. (NASDAQ: CME), which operates a derivatives exchange, on Wednesday reported a double-digit increase in adjusted profit for the fourth quarter of 2023. Earnings benefited from a 19% revenue growth.
Net income, excluding special items, increased an impressive 23% year-over-year to $2.37 per share in the December quarter from $1.92 per share in the corresponding period of 2022. Unadjusted profit moved up to $804.3 million or $2.24 per share in the fourth quarter from $629.9 million or $1.75 per share in the prior-year quarter.
The bottom line benefited from a 19% increase in revenues to $1.44 billion during the three months. Average daily volume increased to 25.5 million in Q4 from 21.8 million a year earlier.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
What to look for when Hewlett Packard (HPE) reports Q4 2024 results
Information technology company Hewlett Packard Enterprise (NYSE: HPE) is actively innovating its product portfolio to better align with the AI-driven transformation currently sweeping the industry. In recent quarters, the company's
What to expect when Dollar General (DG) reports Q3 2024 earnings
Shares of Dollar General Corporation (NYSE: DG) rose over 1% on Wednesday. The stock has dropped 38% over the past three months. The discount retailer is slated to report its earnings
Campbell Soup (CPB) to report Q1 earnings on Dec. 4. Here’s what to expect
Campbell Soup Company (NASDAQ: CPB) is gearing up to publish first-quarter results next week. The company recently rechristened itself, dropping “soup” from the name and assuming a new identity after
