CME Group Earnings Q3 Revenue, ADP Earnings Q1 Revenue

CME Group reported on Wednesday Q3 earnings that missed analysts’ forecasts. It reported revenue that fell short of expectations.

The company announced earnings per share of $1.38 on revenue of $1.08B. Analysts expected EPS of $1.41 on revenue of $1.1B.

CME Group shares declined 20% from the beginning of the year. They are still down 29.24% from its 52 week high of $225.36 set on February 27. CME Group shares are under-performing the Nasdaq which is up 27.4% from the start of the year.

The CME group stock follows other major Financial sector earnings this month. Its report follows an earnings beat by UnitedHealth on October 14, who reported EPS of $3.51 on revenue of $65.12B. This compared to forecasts EPS of $3.11 on revenue of $63.79B.

JPMorgan had beat expectations on October 13 with Q3 EPS of $2.92 on revenue of $29.94B. This compared to forecast for EPS of $2.23 on revenue of $28.22B.

ADP Earnings, Q1 Revenue Beat

ADP reported on Wednesday Q1 earnings that beat analysts’ forecasts. It reported revenue that topped expectations. 

The company announced earnings per share of $1.41 on revenue of $3.47B. Analysts expected EPS of $1 on revenue of $3.28B. 

ADP shares declined 14.35% from the beginning of the year. They are still down 19.90% from its 52 week high of $182.32 set on February 18. ADP shares are under-performing the S&P 500 which is up 4.95% from the start of the year.

The company follows other major Services sector earnings this month.

ADP’s report follows an earnings beat by Verizon on October 21, who reported EPS of $1.25 on revenue of $31.5B. This compared to forecasts EPS of $1.22 on revenue of $31.59B.

Netflix had missed expectations on October 20 with Q3 EPS of $1.74 on revenue of $6.44B. This compared to forecast for EPS of $2.13 on revenue of $6.39B.

Many companies are reporting earnings next week. And it’s all about corporate America and its financial health amidst the still-raging pandemic.

Meanwhile, it’s less than a week to go before the highly anticipated U.S. presidential election. Stock markets could be a bit more volatile, especially if the outcome is not immediately clear.