WisdomTree reported third-quarter net profit of 49.2 million dollars and assets under management of 171 billion dollars. Net inflows reached 4.6 billion dollars during the quarter. Adjusted earnings per share increased to 0.32 dollars from 0.23 dollars a year earlier, while revenue and operating margin also exceeded their levels in the preceding quarter. Net inflows for the first nine months totaled 13.6 billion dollars.
Asset manager WisdomTree reported third-quarter adjusted earnings of 0.32 dollars per share, up from 0.23 dollars a year earlier. Reported net profit reached 49.2 million dollars, compared with 44.3 million dollars in the preceding quarter and 19.7 million dollars a year earlier. Adjusted net income was 49.5 million dollars.[1], [2]
Quarter-end assets under management reached 171 billion dollars, against 162.9 billion dollars in the preceding quarter and 137.2 billion dollars a year earlier. Net inflows were 4.6 billion dollars for the quarter and 13.6 billion dollars for the first nine months. Revenue increased to 179.4 million dollars from 177.2 million dollars in the previous quarter and 125.6 million dollars a year earlier.[1]
Operating margin increased to 41.3 per cent, from 40.5 per cent in the second quarter and 36.3 per cent a year earlier. WisdomTree spent 10.6 million dollars on share repurchases during the quarter. The board declared a dividend of 0.03 dollars per share, payable on November 25 to shareholders registered on November 11. Adjustments to earnings included intangible-asset amortization associated with the Ceres and Atlantic House acquisitions.[1]
