MarketAxess Q3 Results Top Estimates

MarketAxess Holdings Inc. (MKTX) reported that its third-quarter net income rose to $67.8 million or $1.78 per share from $54.0 million or $1.42 per share in the third quarter of 2019. Analysts polled by Thomson Reuters expected the company to report earnings of $1.74 per share for the quarter. Analysts' estimates typically exclude special items.

Operating income was $87.8 million, compared to $66.0 million for the third quarter of 2019, an increase of 33%.

Total revenues for the third quarter increased 25% to $164.0 million from $131.6 million for the third quarter of 2019. Analysts expected revenues of $161.42 million for the quarter.

The company declared a cash dividend of $0.60 per share, to be paid on November 25, 2020 to stockholders of record as of the close of business on November 11, 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Home improvement company Lowe's and pet retailer Petco Health and Wellness Co. are set to launch a pilot store-in-store program whereby a total home solution will be offered to customers by bringing home improvement as well as pet care products, services and expertise together under the same roof. Chevron Corporation (CVX) reported fourth quarter profit of $5.1 billion or $2.63 per share, compared to a loss of $665 million or $0.33 per share, previous year. The company's U.S. upstream operations earned $2.97 billion, compared to $101 million, a year ago. The company said the improvement was primarily... While reporting financial results for the fourth quarter on Friday, Colgate-Palmolive Co. (CL) initiated its earnings and sales growth guidance for the full-year 2022. For fiscal 2022, the company now expects earnings per share to grow in double-digit percentage and adjusted earnings per share growth...
Follow RTT