NewzCHICAGO (AP) — CHICAGO (AP) — CME Group Inc. (CME) on Wednesday reported third-quarter earnings of $1.04 billion. On a per-share basis, the Chicago-based company said it had net income of $2.89.
Earnings, adjusted for one-time gains and costs, were $3.02 per share. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.98 per share.
The parent company of the Chicago Board of Trade and other exchanges posted revenue of $1.74 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.71 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 Source NEW YORK (AP) — NEW YORK (AP) — Moody’s Corp. (MCO) on Wednesday reported third-quarter profit of $734 million.
On a per-share basis, the New York-based company said it had profit of $4.24. Earnings, adjusted for one-time gains and costs, were $4.14 per share. The results fell short of Wall Street expectations.
The credit ratings agency posted revenue of $2.02 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $2.06 billion. Moody’s expects full-year earnings in the range of $16.50 to $17 per share.
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