WisdomTree (WETF) Reports In-Line Q1 EPS, Revenues Miss

WisdomTree (NASDAQ: WETF) reported Q1 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $65.5 million versus the consensus estimate of $66.82 million.

WisdomTree CEO and President Jonathan Steinberg said, “In the first quarter, excluding our two largest currency hedged products, we generated $1.8 billion of inflows, representing 16% annualized organic growth, more than double the growth rate of the ETF industry. This marks the second consecutive quarter of strong, diversified flows and evidence our strategic initiatives around Advisor Solutions, accessing new distribution channels and leveraging technology are positively impacting our growth. The investments we've made over the past few years have truly transformed our platform.”

For earnings history and earnings-related data on WisdomTree (WETF) click here.

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