WisdomTree (WETF) Tops Q3 EPS by 2c, Revenues Beat

WisdomTree (NASDAQ: WETF) reported Q3 EPS of $0.07, $0.02 better than the analyst estimate of $0.05. Revenue for the quarter came in at $64.64 million versus the consensus estimate of $63.36 million.

Update from Jonathan Steinberg, WisdomTree CEO

“We have restored the momentum built prior to the pandemic through steadfast focus on what we can control and strong execution amid a highly volatile and unusual year. Important elements across our global franchise are starting to align and I’m excited about our growth outlook for the remainder of the year and into 2021.” “Given the strength and sustainability of our execution over the past eight months, we have decided to pursue a ‘remote first’ philosophy and plan to reduce our office space globally. Technology has brought our team closer together and driven productivity gains while our funds continue to operate flawlessly with coordination from our third-party service providers. We are taking this action because we believe it is the right strategy to drive sustained momentum and future growth of the business and the cost savings could be meaningful.”

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

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