MarketAxess Holdings Q2 EPS $1.59 Beats $1.57 Estimate, Sales $179.85M Beat $179.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
MarketAxess Holdings (NASDAQ:MKTX) reported Q2 earnings of $1.59 per share, beating the analyst consensus estimate of $1.57 by 1.27%. However, this is a 10.67% decrease from the same period last year. The company also reported quarterly sales of $179.85 million, beating the estimate of $179.47 million by 0.21%, but this is a 1.31% decrease from last year.
July 20, 2023 | 10:38 am
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MarketAxess Holdings reported better than expected Q2 earnings and sales, but both figures are down from the same period last year.
While MarketAxess beat Q2 estimates, the year-on-year decreases in earnings and sales may concern investors, potentially leading to a neutral short-term impact on the stock.
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RELEVANCE 100