Zacks Investment Research | Oct 26, 2016 09:54PM ET
WisdomTree Investments, Inc. (NASDAQ:WETF) is scheduled to report third-quarter 2016 results on Oct 28.
Last quarter, this New York-based exchange traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor reported earnings per share of 3 cents, a significant plunge year over year. Excluding a $6 million charge related to the company's accelerated buyout of the remaining stake in its European unit, adjusted earnings were 7 cents per share. The company witnessed a decline in U.S. listed ETF assets under management (AUM), mainly driven by net outflows while recording significant growth in European listed AUM.
Industry-wide weakness and global concerns were fueled by the Brexit referendum, which took a toll on finance stocks, with WisdomTree tumbling nearly 37% year to date.
WISDOMTREE INV Price and EPS Surprise
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