NEW YORK (AP) _ MarketAxess Holdings Inc. (MKTX) on Wednesday reported fourth-quarter net income of $59.2 million.
On a per-share basis, the New York-based company said it had profit of $1.58.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The operator of bond trading platforms posted revenue of $177.9 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $176.3 million.
For the year, the company reported profit of $250.2 million, or $6.65 per share. Revenue was reported as $718.3 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MKTX at https://www.zacks.com/ap/MKTX
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