*CME 560-535-509-515 beats by $0.08, top line slightly light (547.40 ) : Reports Q1 (Mar) earnings of $3.69 per share, $0.08 better than the Reuters Estimates consensus of $3.62; revenues rose 32.0% year/year to $332.3 mln vs the $337.2 mln consensus. "During the first quarter, we surpassed volume records in all our products lines, leading to the strongest top-line, quarter-over-quarter growth since 2004 and resulting in record earnings and cash flow..."
Chicago Mercantile: Conference call details I (547.40 ) -Update : On conference call, CME notes that top line growth was the highest they've seen in the last 9 qtrs. FX MarketSpace is tracking ahead of expectations. Client acquisition is ahead of expectations, with 36 customers live on the platform... Notes that electronic energy volume during Q1 increased 63% compared to Q4, ahead of ICE's sequential 20% increase in their energy business. Says that during the quarter, NYMEX total energy volume on Globex exceeded the ICE total energy volume for the first time. Says they continue to build a liquidity advantage over ICE... Notes further progress into the bond mkt with the addition of the exchange traded Lehman Aggregate Index through a 3-year exclusive license, announced yesterday. In May, they will list futures on the China equity mkt... Regarding BOT merger process; co says they remain confident that CME offer is superior. Notes the DOJ review process continues, and they continue to work on the integration plan with BOT counterparts. Notes that the shareholder meeting is set for July 9. If the merger is approved by the shareholders and the DOJ review is completed, the co would still be in position to close in mid-July -- consistent with their original expectations for a mid-2007 close.... Co is averaging 4.9 mln contracts per day so far in April... Q&A is still going on.
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Tell Her your plans ....
