CME Group Ahead of Earnings

Published on Wednesday, 01 February 2012 11:00 Written by Christian Paolinetti

New York, February 1st (TradersHuddle.com) - Shares of CME Group Inc. (NASDAQ:CME) are trading higher by +2.12% ahead of its quarterly earnings release. CME Group, the largest futures exchange operator is expected to release its quarterly results on January 2^nd.

Wall Street Analysts consensus calls for a profit of $3.71 a share on $754 million revenue.

CME Group estimates have a range of $0.7 a share. The high estimate calls for profit of $4.25 a share and the low estimate is calling for a profit of $3.55 a share, a year ago for the quarter the company reported $3.77 a share.

CME Group Inc. (NASDAQ:CME) operates a derivatives exchange that trades futures contracts and options on futures, interest rates, stock indexes, foreign exchange and commodities. The Exchange brings together buyers and sellers of derivatives products on its trading floors, electronic trading platform, and through privately negotiated transactions that it clears.

Other companies on the watch on this earnings event are and Intercontinental Exchange Inc. NYSE:ICE.