CME Group net income falls by 17 per cent

In the first quarter of 2019, CME Group reported a 17 per cent decline in earnings, WSJ writes. Although the exchange’s revenue rose, it was still considerably lower than last year. While CME reported net income of $599 million in the first quarter of 2018, this year it only earned $497 million. Similarly, share prices have also dropped—in 2018 the price was $1.76 a share, this year—$1.39 a share. Adjusted earnings also dropped from $1.86 to $1.62 a share.

Last year’s volatility helped CME generate a larger income. Since the beginning of 2019 was not as exciting, the company did not top last year’s record quarterly income.

Original source
https://www.theblockcrypto.com/tiny/cme-group-net-income-falls-by-17-per-cent/?utm_source=rss&utm_medium=rss&utm_campaign=default

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