MarketAxess Holdings (MKTX) Tops Q1 EPS by 15c

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Go back to MarketAxess Holdings (MKTX) Tops Q1 EPS by 15c

MarketAxess Reports First Quarter 2017 Record Revenues of $103.9 Million, Record Pre-Tax Income of $55.6 Million and Record Diluted EPS of $1.11

April 26, 2017 6:30 AM EDT

First Quarter Financial Highlights*

Record revenues of $103.9 million, up 17.3%Record pre-tax income of $55.6 million, up 25.3%Effective tax rate of 23.6%, includes $5.8 million of excess tax deductions related to share-based compensationRecord diluted EPS of $1.11, up 44.2% from $0.77Record total trading volume of $394.4 billion, up 27.2%Record trading volume in each of our four core products: U.S. high-grade, high-yield, Eurobonds and emerging market bonds

*All comparisons versus first quarter 2016.

NEW YORK, April 26, 2017 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the... More