NEW YORK (AP) — NEW YORK (AP) — MarketAxess Holdings Inc. (MKTX) on Thursday reported fourth-quarter profit of $65.1 million.
On a per-share basis, the New York-based company said it had profit of $1.73.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The operator of bond trading platforms posted revenue of $202.4 million in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $203.4 million.
For the year, the company reported profit of $274.2 million, or $7.28 per share. Revenue was reported as $817.1 million.
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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
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