NEW YORK (AP) — NEW YORK (AP) — MarketAxess Holdings Inc. (MKTX) on Friday reported third-quarter earnings of $53.9 million.
The company, based in New York, said it had earnings of $1.53 per share. Earnings, adjusted for non-recurring costs, came to $1.86 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.
The operator of bond trading platforms posted revenue of $210.4 million in the period. Its revenue net of interest expense was $210.4 million, also missing Street forecasts. Seven analysts surveyed by Zacks expected $221.2 million.
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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
