CME Group (NASDAQ:CME) shares closed lower yesterday following the release of its Q3 results. For the quarter, the exchange operator's revenues were $714.6 million, an improvement over the $683.2 million in the same period the previous year. Attributable net income also advanced, coming in at $236.7 million ($0.71 per diluted share), against Q3 2012's $218.0 million ($0.66).
Analysts had been expecting revenue of $713 million and EPS of $0.73.
In the press release unveiling the results, the company said the improved results were due to increases in demand for several of its services, chiefly its over-the-counter interest rate swap clearing.
Following the announcement of the results, the company's stock drooped by 1.2%, or $0.88, to close the day at $73.82.
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