February 1, 2018 / 12:09 PM / 18 days ago

CME Group's Q4 profit soars on $2.6 bln tax gain

Feb 1 (Reuters) - CME Group Inc, the world’s largest futures exchange, said on Thursday its fourth-quarter profit surged due to a $2.6 billion benefit related to the U.S. tax overhaul.

Net income rose to $2.94 billion, or $8.63 per share, in the quarter ended Dec. 31, from $373.4 million, or $1.10 per share, a year earlier.

On an adjusted basis, CME reported earnings of $1.12 per share. (Reporting by Pallavi Dewan and Taenaz Shakir in Bengaluru; Editing by Savio D‘Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below