NEW YORK (AP) _ Tradeweb Markets Inc. (TW) on Thursday reported second-quarter profit of $55.3 million.
The New York-based company said it had earnings of 27 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 39 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 39 cents per share.
The electronic marketplaces operator posted revenue of $260.8 million in the period. Its revenue net of interest expense was $260.8 million, topping Street forecasts. Five analysts surveyed by Zacks expected $260.7 million.
Tradeweb shares have risen 40% since the beginning of the year. The stock has climbed 61% 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 TW at https://www.zacks.com/ap/TW
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