CME 2Q profit rises on CBOT

By Associated Press
July 22, 2008 | Comments (0)

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Futures exchange operator CME Group says its second-quarter profit rose sharply on the integration of the Chicago Board of Trade.

Chicago-based CME Group Inc. says it earned $201 million, or $3.67 per share, in the second quarter, compared with $126 million, or $3.57 per share a year earlier. Revenue has risen to $563 million from $329 million.

Excluding costs related to the CBOT integration and other investments, CME says it earned $3.93 per share in the quarter.

Thomson Financial says analysts expected earnings of $3.85 per share on sales of $568.5 million.

The company also says 2008 operating expenses should be closer to the lower end of its expectations.

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