Tradeweb Markets (TW) Tops Q3 EPS by 2c, Offers Guidance

Tradeweb Markets (NASDAQ: TW) reported Q3 EPS of $0.27, $0.02 better than the analyst estimate of $0.25. Revenue for the quarter came in at $201 million versus the consensus estimate of $195.62 million.

Full-Year 2019 Guidance:

• Adjusted expenses of $460 - $475 million are expected to trend to the lower half of the range
• Assumed non-GAAP tax rate of 26.4%
• Capital expenditures and capitalization of software of $42 - $48 million
• Acquisition and Refinitiv Transaction related depreciation and amortization expense of $98 million
• Fourth quarter non-cash stock-based compensation expense associated with options of approximately $2 million

For earnings history and earnings-related data on Tradeweb Markets (TW) click here.

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