MarketAxess Holdings Inc. Q4 Profit Retreats, misses estimates

(RTTNews) - MarketAxess Holdings Inc. (MKTX) released earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings came in at $52.19 million, or $1.37 per share. This compares with $72.93 million, or $1.91 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $1.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.7% to $165.06 million from $171.35 million last year.

MarketAxess Holdings Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $52.19 Mln. vs. $72.93 Mln. last year. -EPS (Q4): $1.37 vs. $1.91 last year. -Analyst Estimates: $1.43 -Revenue (Q4): $165.06 Mln vs. $171.35 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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