Recap: MarketAxess Holdings Q3 Earnings

Shares of MarketAxess Holdings MKTX were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share increased 25.35% year over year to $1.78, which beat the estimate of $1.74.

Revenue of $164,006,000 rose by 24.63% from the same period last year, which beat the estimate of $161,420,000.

Outlook

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

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

Details Of The Call

Date: Oct 27, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/kc4s7qa8

Recent Stock Performance

Company's 52-week high was at $572.45

Company's 52-week low was at $275.50

Price action over last quarter: Up 7.49%

Company Profile

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.