Tradeweb Markets (TW) Tops Q3 EPS by 2c, Offers Guidance
Tradeweb Markets (NASDAQ: TW) reported Q3 EPS of $0.27, $0.02 better than the analyst estimate of $0.25. Revenue for the quarter came in at $201 million versus the consensus estimate of $195.62 million.
Full-Year 2019 Guidance:
- Adjusted expenses of $460 - $475 million are expected to trend to the lower half of the range
- Assumed non-GAAP tax rate of 26.4%
- Capital expenditures and capitalization of software of $42 - $48 million
- Acquisition and Refinitiv Transaction related depreciation and amortization expense of $98 million
- Fourth quarter non-cash stock-based compensation expense associated with options of approximately $2 million
For earnings history and earnings-related data on Tradeweb Markets (TW) click here.