Future

Billion

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">CME Group’s financials for the <a aria-label="fourth quarter of 2023 (opens in a new tab)" href="https://www.cmegroup.com/media-room/press-releases/2024/2/14/cme_group_inc_reportsfourth-quarterandfull-year2023financialresu.html" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">fourth quarter of 2023</a> underscore its strongest year in history, with interest rate products propelling the company to unprecedented annual average daily volume and revenue. The company reported a robust revenue of $1.4 billion and an operating income of $863 million for the quarter. <br><br>Net income stood at $815 million, translating to diluted earnings per common share of $2.24. Adjusted for specific items, net income rose to $865 million, with diluted <a href="https://tokenist.com/investing/fundamental-analysis-stocks/" rel="dofollow" class="deco-link">earnings per share</a> at $2.37. These figures reflect CME Group’s effective risk management across diverse asset classes, leading to a record 24.4 million contracts in average daily volume for the year, buoyed mainly by a 36% surge in interest rate volumes in the fourth quarter alone.</p> 
<h3 id="cme-group-reports-historic-performance-in-q4">CME Group Reports Historic Performance in Q4</h3> 
<p>When compared against market expectations, CME Group’s performance reveals a nuanced picture. Analysts had forecasted earnings per share (EPS) of $2.28 and revenue of $1.42 billion for the quarter. The actual revenue of $1.43 billion met expectations, but the company’s adjusted EPS of $2.37 outpaced expectations significantly, highlighting its operational efficiency and the successful leverage of its diverse product portfolio. </p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p> 
 </div> 
</div> 
<h3 id="guidance-and-future-outlook">Guidance and Future Outlook</h3> 
<p>Looking forward, CME Group remains committed to innovation and enhancing capital efficiencies. The launch of an enhanced Fixed Income Clearing Corporation (FICC) cross-margining program exemplifies this strategic direction. Chairman and CEO Terry Duffy’s remarks underscore the company’s focus on delivering new products and expanding its service offerings. With the tenth consecutive quarter of double-digit adjusted earnings growth, CME Group’s forward-looking statements suggest continuing its growth strategy, supported by robust market demand and strategic investments in technology and product development.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities/assets discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/cme-group-reports-record-1-4-billion-revenue-in-q4-and-a-2-37-eps/">CME Group Reports Record $1.4 Billion Revenue in Q4 and a $2.37 EPS</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

CME Group Reports Record $1.4 Billion Revenue in Q4 and a $2.37 EPS

Mục lục

Tokenist

Các bài viết khác được xuất bản trên 14 thg 2, 2024

Airbnb Eyes Transformation with AI Innovation

Transaction volume of new Ethereum standard ERC-404 token hits $70m

ADA Tanks as Three Top Cardano Wallets Make Exit and Buy Competitor Coin Ahead of the 2024 Bullrun

Web3 User Pays Hefty Fee for Token Purchase During Bull Run

CoinDCX Partners With Koinex To Enable Users Access Their Assets

Stacks (STX) Skyrockets Over 43% And Smashes $2 Threshold, Setting Sights On New All-Time Highs

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!