MarketAxess Q2 Profit Declines, But Top Estimates

RTTNews | hace 471
MarketAxess Q2 Profit Declines, But Top Estimates

(RTTNews) - Electronic trading platform MarketAxess Holdings Inc. (MKTX) reported Thursday that its second-quarter net income declined to $72.62 million or $1.92 per share from $73.63 million or $1.96 per share in the prior-year quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $1.87 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter increased 3.5 percent to $210.32 million from $203.17 million in the same quarter last year. Analysts expected revenues of $212.56 million for the quarter.

The Company's board of directors also declared a quarterly cash dividend to $0.74 per share of common stock outstanding, payable on June 5, 2024 to stockholders of record as of the close of business on May 22, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
MarketAxess Q2 Profit Declines, But Results Top Estimates

MarketAxess Q2 Profit Declines, But Results Top Estimates

Electronic trading platform MarketAxess Holdings Inc. (MKTX) reported Thursday that its second-quarter net income declined to $59.86 million or $1.59 per share from $66.92 million or $1.78 per share in the prior-year quarter.
RTTNews | hace 763
MarketAxess Promotes President And COO Chris Concannon To Succeed Richard McVey As CEO

MarketAxess Promotes President And COO Chris Concannon To Succeed Richard McVey As CEO

The Board of Directors of electronic trading platform MarketAxess Holdings Inc. (MKTX) announced Monday that, effective April 3, 2023, Chairman and Chief Executive Officer Richard McVey will become Executive Chairman and President and Chief Operating Officer Chris Concannon will be promoted to Chief Executive Officer. Concannon will also continue to serve as a director on the Company's Board.
RTTNews | hace 955
Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews | hace 7h 22min
European Stocks Close On Mixed Note Again

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.
RTTNews | hace 7h 38min
U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
RTTNews | hace 10h 22min