MarketAxess (MKTX) Q1 Earnings Beat on Strong Credit Trading

MarketAxess Holdings Inc. (MKTX) reported first-quarter 2024 earnings per share of $1.92, which surpassed the Zacks Consensus Estimate by 3.8%. Yet, the bottom line slipped 2% year over year.Total revenues of$ 210 million rose 4% year over year. However, the top line fell short of the consensus mark by a whisker.The quarterly results were driven by a solid improvement in U.S. high-grade commission revenues. Geographic expansion and product diversification drove the average daily volume (“ADV”) of emerging m ...