MarketAxess Q1 Profit Rises - Quiick Facts

(RTTNews) - MarketAxess Holdings Inc. (MKTX), the operator of a electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, announced that its net income for the first quarter ended March 31, 2014 totaled $17.5 million or $0.46 per share, up from $15.3 million or $0.41 per share for the first quarter of 2013.

Total revenues for the first quarter increased 18.2% to $63.4 million, from $53.7 million last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.46 per share and revenues of $65.34 million for the quarter. Analysts' estimates typically exclude special items.

The Company's board of directors declared a quarterly cash dividend of $0.16 per share of common stock outstanding, to be paid on May 22, 2014 to stockholders of record as of the close of business on May 8, 2014.

In January 2014, the company's board approved a $35.0 million share repurchase program. A total of 54,000 shares were repurchased in the first quarter of 2014 at a cost of $3.4 million.