MarketAxess Beats Estimates With Record Revenues (MKTX)

New York, New York-based MarketAxess Holdings, Inc. MKTX released financial results on Wednesday morning that beat Wall Street estimates. MarketAxess Holdings, Inc announced that its 4th quarter net income climbed to $8.9 million, or 23 cents per share, up from $5.4 million, or 14 cents per share, a year earlier. MarketAxess Holdings, Inc reported revenue of $38.61 million, up 13.7% from $33.96 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 20 cents per share, on revenue of $36.96 million. MarketAxess Holdings, Inc. (MKTX) finished the previous trading day at $20.52 per share. The consensus price target of analysts covering the company's stock is $20.90 per share. MarketAxess Holdings, Inc operates a leading electronic trading platform that enables investment industry professionals to efficiently trade corporate bonds and other types of fixed-income instruments. Read more from Benzinga's Company news.