Recap: MarketAxess Q1 Earnings

Shares of MarketAxess Holdings MKTX remained unaffected after the company reported Q1 results.

Quarterly Results

Earnings per share rose 7.65% over the past year to $2.11, which missed the estimate of $2.12.

Revenue of $195,464,000 higher by 15.67% year over year, which beat the estimate of $193,100,000.

Outlook

MarketAxess Holdings hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Apr 22, 2021

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/4m9gfia5

Recent Stock Performance

Company's 52-week high was at $606.45

52-week low: $407.97

Price action over last quarter: down 2.48%

Company Description

MarketAxess Holdings Inc is a United States-based company engaged in operating an electronic trading platform. The platform enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using patented trading technology. It also provides related data, analytics, compliance tools, and post-trade services. The key trading products are U.S. High-Grade Corporate Bonds, Emerging Markets Bonds, U.S. Crossover and High-Yield Bonds, Eurobonds, U.S. Agency Bonds, Municipal Bonds and others. The business operations of the company carried in the United States, the United Kingdom, and other countries, of which a majority of the revenue is derived from the United States.