Summary
CME Group Inc. (CME) filed an 8-K on April 29, 2020, reporting its financial results for the quarter ended March 31, 2020. The filing primarily incorporates by reference a press release dated April 29, 2020, which details the company's first-quarter financial performance. Investors should note that while the press release presents financial results on a GAAP basis, it also includes non-GAAP measures such as non-GAAP net income and earnings per share. Management utilizes these non-GAAP figures to offer supplemental insights into financial and business trends, believing they enhance comparability with prior periods. The company acknowledges that these adjustments may include recurring items and emphasizes that these non-GAAP measures should be considered alongside, and not as a replacement for, GAAP-based financial statements. A reconciliation of these non-GAAP measures to their most directly comparable GAAP equivalents is provided within the press release.
Key Highlights
- 1CME Group Inc. announced its financial results for the quarter ended March 31, 2020.
- 2The primary information is contained within an attached press release dated April 29, 2020.
- 3The company provided both GAAP and non-GAAP financial measures in its reporting.
- 4Non-GAAP financial measures include non-GAAP net income and non-GAAP earnings per share.
- 5Management believes non-GAAP measures offer valuable supplemental information for investors.
- 6These non-GAAP measures are presented to improve comparability with prior financial periods.
- 7A reconciliation of non-GAAP to GAAP financial measures is included in the press release.