MarketAxess Holdings (NASDAQ: MKTX) reported Q1 EPS of $1.11, $0.15 better than the analyst estimate of $0.96. Revenue for the quarter came in at $102.5 million versus the consensus estimate of $102.48 million.

Guidance for 2017

The Company is reducing it full year overall effective tax rate guidance for 2017 from a range of 32% and 34% to a range of 26% to 28%. The updated effective tax rate guidance reflects estimated excess tax benefits to be recognized in 2017 under the new share-based compensation accounting standard.

For earnings history and earnings-related data on MarketAxess Holdings (MKTX) click here.