NEW YORK (AP) _ MarketAxess Holdings Inc. (MKTX) on Wednesday reported fourth-quarter earnings of $50.3 million.
On a per-share basis, the New York-based company said it had profit of $1.32.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The operator of bond trading platforms posted revenue of $129.8 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $126.9 million.
For the year, the company reported profit of $204.9 million, or $5.40 per share. Revenue was reported as $511.4 million.
MarketAxess shares have decreased 5% since the beginning of the year. The stock has increased 65% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MKTX at https://www.zacks.com/ap/MKTX
Automated Insights, source Associated Press News