MarketAxess Q4 Profit Tops Street Estimate

MarketAxess Holdings, an electronic trading platform, reported Wednesday Q4 net profit of $0.88 per share, up from $0.65 per share in the prior year period and came in higher than the $0.84 per share Street estimate provided by Capital IQ.

Total revenues were $94.4 million, up from $76.6 million reported for the same period last year and came in just higher than the $93.7 million Street estimate.

For 2017, the company expects total expenses to range from $192 million to $208 million, and capital expenditures to range from $25 million to $30 million.

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