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Article: CME Group Inc. Reports Strong Fourth-Quarter and Full-Year Revenues and Operating Income.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- February 21, 2009
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CME Group Inc. (NASDAQ:CME) reported that total fourth-quarter GAAP revenues increased 31 percent to $692 million, and GAAP operating income increased 33 percent to $418 million. The company has taken a pre-tax, non-cash impairment charge of $275 million on its cross-equity investment in BM&F Bovespa SA, due to the decline in BM&F Bovespa's current share price relative to original investment value. On a relative equity swap exchange basis, the economic value of CME Group's equity stake in BM&F Bovespa has actually increased since the effective date of the agreement. While management of the company has determined that an impairment charge is appropriate under GAAP ...