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2023-01-25 11:42:28

MarketAxess Holdings Inc. Announces Increase In Q4 Bottom Line, Beats estimates

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Nasdaq
By Rtt News

(RTTNews) - MarketAxess Holdings Inc. (MKTX) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $59.226 million, or $1.58 per share. This compares with $52.185 million, or $1.37 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $1.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.8% to $177.902 million from $165.060 million last year.

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