MarketAxess Holdings: Q2 Earnings Insights

Shares of MarketAxess Holdings MKTX were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share were up 73.23% over the past year to $2.20, which beat the estimate of $2.12.

Revenue of $184,795,000 higher by 47.26% from the same period last year, which beat the estimate of $181,290,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

MarketAxess Holdings hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 22, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ipgbwwaa

Recent Stock Performance

Company's 52-week high was at $561.68

52-week low: $275.50

Price action over last quarter: Up 17.24%

Company Description

MarketAxess Holdings Inc is a United States-based company engaged in operating an electronic trading platform. The platform enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using patented trading technology. It also provides related data, analytics, compliance tools, and post-trade services. The key trading products are U.S. High-Grade Corporate Bonds, Emerging Markets Bonds, U.S. Crossover and High-Yield Bonds, Eurobonds, U.S. Agency Bonds, Municipal Bonds and others. The business operations of the company carried in the United States, the United Kingdom, and other countries, of which a majority of the revenue is derived from the United States.