CME profit plunges 34.7% on higher expenses

Earnings Reuters

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 13, 2017. REUTERS/Brendan McDermid (Reuters)

Oct 26 (Reuters) - CME Group Inc, the world's largest futures market operator, reported a 34.7 percent fall in quarterly profit, hurt by higher expenses.

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The Illinois-based company's net income fell to $308.6 million, or $0.91 per share, in the third quarter ended Sept. 30, from $472.8 million, or $1.39 per share, a year earlier.

On an adjusted basis, CME earned $1.19 per share. (Reporting by Roopal Verma in Bengaluru; Editing by Maju Samuel)

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