MarketAxess Q3 Sales Exceed Estimates, Revenue Up 1% YoY

MarketAxess (NASDAQ:MKTX) reported Q3 sales of $208.8 million, a 1% YoY increase, beating analyst estimates. Non-GAAP profit was $1.84 per share, an 8.1% beat. The company's revenue growth over the last five years was 5.3%, falling short of the financials sector benchmark. Despite a modest year-on-year revenue growth of 1%, the stock traded up 2.5% following the results.