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NEW YORK (AP) - Exchanges operator CME Group says its profit more than doubled in the first quarter as volume increased by a third.
| CME | 478 |  3.75 |
The operator of the Chicago Mercantile Exchange and the Chicago Board of Trade says it earned $284 million, or $5.25 per share, on revenue of $625 million. That compares with $130 million, or $3.69 per share, on revenue of $332 million a year earlier.
Excluding a number of charges CME says it earned $5.39 per share. If a tax benefit is excluded as well, CME says it earned $4.67 per share. Thomson Financial says analysts expected earnings of $4.80 per share on revenue of $629.3 million.
CME says the 2007 results include only CME operations and not CBOT results. Their merger was completed last year.
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