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Sep 30, 2020
WisdomTree Investments Inc Q3 2020 Earnings Report
WisdomTree Investments Inc. reported a diluted loss per share of ($0.01) and adjusted earnings per share of $0.07 for Q3 2020.
Key Takeaways
WisdomTree Investments reported mixed results for Q3 2020. While operating revenues increased by 11.2% to $64.6 million, the company experienced a net loss of $0.3 million, or a diluted loss per share of ($0.01). However, adjusted net income was $11.01 million, or $0.07 per diluted share. The company's ending AUM was $60.7 billion, up 5.3% from the prior quarter, though net outflows of $468 million were experienced.
Ending AUM reached $60.7 billion, a 5.3% increase primarily due to market appreciation.
Net outflows totaled $468 million, driven by commodity and international developed market equity products.
Operating revenues increased by 11.2% to $64.6 million due to higher average AUM and advisory fees.
The company declared a quarterly dividend of $0.03 per share.
Forward Guidance
WisdomTree is pursuing a 'remote first' philosophy and plans to reduce office space globally, expecting meaningful cost savings.
Positive Outlook
- Restored momentum built prior to the pandemic
- Steadfast focus on what we can control
- Strong execution amid a highly volatile and unusual year
- Important elements across our global franchise are starting to align
- Excited about our growth outlook for the remainder of the year and into 2021
Historical Earnings Impact
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Avg. Return Before/After Earnings
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