MarketAxess Holdings IncMarketAxess beat revenue expectations, yet its shares fell 20.7% since reporting.
The ten financial exchanges and data stocks tracked by StockStory reported a satisfactory first quarter, with aggregate revenues beating analysts' consensus estimates by 1.1%. Moody's posted revenues of $2.08 billion, up 8.1% year on year and exceeding expectations by 0.9%, though its stock fell 3.4% afterward. Morningstar delivered the biggest beat among peers with revenues of $644.8 million, up 10.8% and topping estimates by 2.9%, yet its shares dropped 16.7%. CME Group was the weakest performer, with revenues of $1.88 billion missing estimates by 1.4%, and its stock declined 14.5%. MarketAxess and Nasdaq also beat revenue expectations, but their shares fell 20.7% and 4.6%, respectively, as the group's average stock price declined 8.3% since reporting.
MarketAxess Holdings IncMarketAxess beat revenue expectations, yet its shares fell 20.7% since reporting.
Morningstar IncMorningstar delivered the biggest revenue beat among peers, but its shares dropped 16.7%.
CME Group IncCME Group reported Q1 revenues of $1.88 billion, missing estimates by 1.4%, and its stock declined 14.5%.
Moodys CorporationMoody's posted revenues of $2.08 billion, beating expectations by 0.9%, but its stock fell 3.4% after reporting.
Nasdaq IncNasdaq beat revenue expectations, yet its shares fell 4.6% since reporting.