Tradeweb Reports Third Quarter 2020 Financial Results

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Tradeweb Markets (TW) Tops Q3 EPS by 1c, Revenues Beat

October 28, 2020 7:07 AM EDT

Tradeweb Markets (NASDAQ: TW) reported Q3 EPS of $0.30, $0.01 better than the analyst estimate of $0.29. Revenue for the quarter came in at $212.87 million versus the consensus estimate of $209.54 million.

$47.0 million GAAP net income, a decrease of 3.1%, due to a higher tax rate and lower interest rates on cash balances. $69.9 million adjusted net income, an increase of 13.5% from the prior year period47.4%... More