MarketAxess Holdings Inc. Reports Drop In Q3 Earnings,but beats estimates

MarketAxess Holdings Inc. (MKTX) reported earnings for third quarter that fell from the same period last year.

The company's earnings totaled $57.96 million, or $1.52 per share. This compares with $67.78 million, or $1.78 per share, in last year's third quarter.

Analysts had expected the company to earn $1.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.2% to $162.09 million from $164.01 million last year.

MarketAxess Holdings Inc. earnings at a glance:

-Earnings (Q3): $57.96 Mln. vs. $67.78 Mln. last year.
-EPS (Q3): $1.52 vs. $1.78 last year.
-Analysts Estimate: $1.46
-Revenue (Q3): $162.09 Mln vs. $164.01 Mln last year.

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