Investing.com – CME Group reported on Wednesday fourth quarter that missed analysts’ forecasts and revenue that fell short of expectations.
CME Group announced earnings per share of $1.52 on revenue of $1.14B. Analysts polled by Investing.com anticipated EPS of $1.54 on revenue of $1.15B. That with comparison to EPS of $1.77 on revenue of $1.24B in the same period a year before. CME Group had reported EPS of $1.9 on revenue of $1.28B in the previous quarter. Analysts are expecting EPS of $1.76 and revenue of $1.25B in the upcoming quarter.
CME Group shares are up 5% from the beginning of the year , still down 5.90% from its 52 week high of $224.91 set on September 6, 2019. They are under-performing the Nasdaq which is up 6.63% year to date.
CME Group follows other major Financial sector earnings this month
CME Group’s report follows an earnings beat by JPMorgan on January 14, who reported EPS of $2.57 on revenue of $29.21B, compared to forecasts EPS of $2.35 on revenue of $27.87B.
Mastercard had beat expectations on January 29 with fourth quarter EPS of $1.96 on revenue of $4.41B, compared to forecast for EPS of $1.87 on revenue of $4.4B.
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