CME Group Inc. (CME) on Wednesday reported first-quarter profit of $711 million.
The Chicago-based company said it had net income of $1.95 per share. Earnings, adjusted for one-time gains and costs, came to $2.11 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The parent company of the Chicago Board of Trade and other exchanges posted revenue of $1.35 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.32 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CME at https://www.zacks.com/ap/CME