Chicago Mercantile Exchange (CME) shares soared last Tuesday
after the company reported better-than-expected first quarter
earnings, driven in part by clearing revenue from the common
clearing link with Chicago Board of Trade (CBoT).
CME first quarter net income jumped 77% to $46.1m, or $1.35
a share, up from $26.1m, or 77 cents per share in Q1 2003. CME
shares rose to $121.94 on Tuesday before sliding back to
$118.50 on Wednesday.
CME net revenues climbed 32% to a record $166.4m for the
first quarter of this year, up from $126m a year earlier.
learing and transaction fees accounted for 74% of its net
revenues and totaled $123m in the first quarter, up 20% from
$102m a year earlier.
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