MarketAxess Q2 Profit Declines, But Top Estimates

(RTTNews) - 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.

On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $1.87 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter increased 3.5 percent to $210.32 million from $203.17 million in the same quarter last year. Analysts expected revenues of $212.56 million for the quarter.

The Company's board of directors also declared a quarterly cash dividend to $0.74 per share of common stock outstanding, payable on June 5, 2024 to stockholders of record as of the close of business on May 22, 2024.

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