MarketAxess: 3Q Earnings Snapshot
NEW YORK (AP) _ MarketAxess Holdings Inc. (MKTX) on Wednesday reported third-quarter earnings of $54 million.
On a per-share basis, the New York-based company said it had net income of $1.42.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The operator of bond trading platforms posted revenue of $131.6 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $131.4 million.
MarketAxess shares have climbed 61% since the beginning of the year. The stock has risen 74% in the last 12 months.