NEW YORK (AP) _ MarketAxess Holdings Inc. (MKTX) on Tuesday reported third-quarter net income of $67.8 million.

On a per-share basis, the New York-based company said it had net income of $1.78.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The operator of bond trading platforms posted revenue of $164 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $161.2 million.

MarketAxess shares have increased 44% since the beginning of the year. The stock has risen 57% 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

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