MarketAxess Q2 Profit Declines, But Results Top Estimates

RTTNews | 648 days ago
Stocktwits
MarketAxess Q2 Profit Declines, But Results Top Estimates

(RTTNews) - Electronic trading platform MarketAxess Holdings Inc. (MKTX) reported Thursday that its second-quarter net income declined to $59.86 million or $1.59 per share from $66.92 million or $1.78 per share in the prior-year quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $1.57 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter decreased 1.3 percent to $179.85 million from $182.23 million in the same quarter last year. Analysts expected revenues of $179.47 million for the quarter.

The Company's board of directors also declared a quarterly cash dividend to $0.72 per share of common stock outstanding, payable on August 16, 2023 to stockholders of record as of the close of business on August 2, 2023.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: MKTX
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MarketAxess Q2 Profit Declines, But Top Estimates

MarketAxess Q2 Profit Declines, But Top Estimates

Electronic trading platform MarketAxess Holdings Inc. (MKTX) reported Thursday that its second-quarter net income declined to $72.62 million or $1.92 per share from $73.63 million or $1.96 per share in the prior-year quarter.
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MarketAxess Promotes President And COO Chris Concannon To Succeed Richard McVey As CEO

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The Board of Directors of electronic trading platform MarketAxess Holdings Inc. (MKTX) announced Monday that, effective April 3, 2023, Chairman and Chief Executive Officer Richard McVey will become Executive Chairman and President and Chief Operating Officer Chris Concannon will be promoted to Chief Executive Officer. Concannon will also continue to serve as a director on the Company's Board.
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