Nymex 1Q profit jumps 27 percent on higher trading volumes

Nymex, which is being acquired by the operator of the Chicago Mercantile Exchange, the CME Group, said net income rose to $71.2 million, or 75 cents per share, from $56.2 million, or 59 cents per share, in the year-ago period.

Excluding a charge related to the planned sale of the company, profit came in at 83 cents per share.

Analysts expected that figure to reach 82 cents per share, according to Thomson Financial.

A 30 percent rise in clearing and transaction fees pushed revenue 27 percent higher, to $208.9 million, from $164.2 million last year. Wall Street forecast $208 million in revenue.

Average daily volume increased 24 percent to 1.9 million contracts. Expenses fell 10 percent, excluding the buyout charge.