NEW YORK (AP) — NEW YORK (AP) — Tradeweb Markets Inc. (TW) on Thursday reported fourth-quarter profit of $142.2 million.
The New York-based company said it had earnings of 66 cents per share. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The electronic marketplaces operator posted revenue of $463.3 million in the period. Its revenue net of interest expense was $463.3 million, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $457.4 million.
For the year, the company reported profit of $501.5 million, or $2.33 per share. Revenue was reported as $1.73 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TW at https://www.zacks.com/ap/TW
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.