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The Economic Times
The Economic Times
Anupam Nagar

US Stock Market: CME shares jump 6% after Q2 profit beats estimates; strong hedging demand boosts results

CME CME Group Terry Duffy

Shares of CME Group surged more than 6% on Wednesday after the world's largest derivatives exchange reported better-than-expected second-quarter earnings, driven by resilient hedging demand despite softer trading volumes in some key asset classes.

The exchange posted adjusted earnings of $2.99 per share for the quarter, topping analysts' average estimate of $2.91 per share, according to LSEG data cited by Reuters. The figure was also slightly above the $2.96 per share reported in the year-ago period.

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