UPDATE: CME Reports 8.5% Surge In Q2 Profit

CME Group Inc CME reported an 8.5% rise in its second-quarter profit. CME reported its quarterly earnings at $293.7 million, or $4.38 per share, up from $270.7 million, or $4.11 per share, in the year-ago period. Its revenue rose 3% to $838.3 million. However, analysts were expecting a profit of $4.17 per share on revenue of $821 million. CME shares dropped 2.31% to close at $278.51 yesterday.