MarketAxess Q3 Earnings Miss Estimates With EPS of $1.86, Revenue $210.4 Million

MarketAxess Holdings Inc. (MKTX) reported third-quarter earnings of $53.9 million, or $1.86 per share adjusted for non-recurring costs, falling short of analyst expectations. The New York-based bond trading platform operator posted revenue of $210.4 million, also missing Wall Street forecasts. The average estimate of seven analysts surveyed by Zacks Investment Research was for adjusted earnings of $1.95 per share, while revenue was expected to reach $221.2 million. GAAP earnings were $1.53 per share for the quarter. The results, announced Friday, reflect weaker-than-expected performance for the electronic bond trading operator.