Skip to main content

MarketAxess: Q1 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — MarketAxess Holdings Inc. (MKTX) on Thursday reported first-quarter profit of $77.9 million.

The New York-based company said it had earnings of $2.20 per share. Earnings, adjusted for non-recurring costs and pretax expenses, were $2.25 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.

The operator of bond trading platforms posted revenue of $233.4 million in the period. Its revenue net of interest expense was $233.4 million, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $231.2 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MKTX at https://www.zacks.com/ap/MKTX

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related Stories

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary