July 25, 2012 / 10:48 AM / 5 years ago

MarketAxess profit beats estimates

July 25 (Reuters) - MarketAxess Holdings Inc posted a second-quarter profit that beat analysts' estimates as it earned more commissions from bond trading.

The electronic bond-trading platform operator earned $12.62 million, or 34 cents per share in the second quarter, up from $11.9 million, or 30 cents a share, a year earlier.

Total revenue rose 7 percent to $48.8 million.

Analysts on average expected earnings of 34 cents per share on revenue of $47.5 million, according to Thomson Reuters I/B/E/S.

Total commissions - the largest contributor to total revenue - rose 9 percent to $42.7 million.

The company also declared a quarterly cash dividend of 11 cents per share.

Shares of the company closed at $28.60 on Tuesday on the Nasdaq. (Reporting by Tanya Agrawal in Bangalore; Editing by Supriya Kurane)

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