MarketAxess Holdings Inc. Profit Retreats In Q3, misses estimates

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

The company's bottom line came in at $54.94 million, or $1.46 per share. This compares with $59.31 million, or $1.58 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.1% to $172.28 million from $172.11 million last year.

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

-Earnings (Q3): $54.94 Mln. vs. $59.31 Mln. last year. -EPS (Q3): $1.46 vs. $1.58 last year. -Analyst Estimates: $1.48 -Revenue (Q3): $172.28 Mln vs. $172.11 Mln last year.