MarketAxess Holdings Q2 2024 GAAP EPS $1.72 Beats $1.68 Estimate, Sales $197.660M Miss $198.627M Estimate
Portfolio Pulse from Benzinga Newsdesk
MarketAxess Holdings (NASDAQ:MKTX) reported Q2 2024 GAAP EPS of $1.72, beating the estimate of $1.68. However, sales of $197.660M missed the estimate of $198.627M. Sales increased by 9.91% year-over-year.
August 06, 2024 | 10:32 am
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MarketAxess Holdings reported Q2 2024 GAAP EPS of $1.72, beating the estimate of $1.68. Sales of $197.660M missed the estimate of $198.627M but increased by 9.91% year-over-year.
The EPS beat is a positive indicator, suggesting better-than-expected profitability. However, the slight miss on sales may temper investor enthusiasm. The significant year-over-year sales growth is a strong positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100