CME Group 4Q profit falls 3%

By Reuters
Posted Feb. 3 at 6:48 a.m.

CME Group Inc., the world’s biggest futures exchange operator, said quarterly profit fell 3 percent, hurt by a one-time charge for state taxes. CME’s fourth-quarter net income fell to $196 million, or $2.93 a share, from $203 million, or $3.04 a share, a year earlier.

Revenue was up 14 percent at $763 million. Trading volume increased 17 percent.

Excluding the tax-related charge of $51.3 million and a separate $8.6 million charge from the early payoff of a term loan, earnings were $3.77 per share, the company said.

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