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Jun 30, 2020
WisdomTree Investments Inc Q2 2020 Earnings Report
WisdomTree Investments Inc. reported a diluted loss per share of ($0.09) and earnings per share of $0.05, as adjusted.
Key Takeaways
WisdomTree Investments Inc. reported a net loss of $13.3 million, or a net income of $8.51 million as adjusted. The company experienced a recovery of AUM driven by market appreciation, resulting in a 14.6% increase. Operating revenues decreased by 9.0% primarily due to lower average AUM and a lower average global advisory fee.
Assets under management rebounded, resulting in revenue tailwinds.
The global WisdomTree team has remained focused and demonstrated strong execution.
Significant cost efficiencies were realized, some of which should prove sustainable.
Debt was successfully refinanced, 6.7 million shares were repurchased, and financial flexibility was improved.
Forward Guidance
The company did not provide specific forward guidance, but the CEO mentioned momentum in important lead indicators and being well-positioned for growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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