MarketAxess: Q1 Earnings Snapshot
By AP News
Published - Apr 26, 2023, 06:45 AM ET
Last Updated - Jun 22, 2023, 03:47 AM EDT
NEW YORK (AP) — NEW YORK (AP) — MarketAxess Holdings Inc. (MKTX) on Wednesday reported first-quarter profit of $73.6 million.
On a per-share basis, the New York-based company said it had net income of $1.96.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The operator of bond trading platforms posted revenue of $203.2 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $200.4 million.
