CME Group (CME) Q4 Earnings & Revenues Surpass Estimates

CME Group Inc. (CME) reported fourth-quarter 2023 record adjusted earnings per share of $2.37, which beat the Zacks Consensus Estimate by 4.4%. The bottom line increased 23.4% year over year.Quarterly results benefited from an increase in trading volumes. Average daily volume increased in five of its six asset classes.Performance in DetailCME Group’s revenues of$ 1.4 billion increased 19.2% year over year. The year-over-year increase was primarily due to higher clearing and transaction fees (up 20.7% year o ...