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WisdomTree: Felled on Unimpressive Results

WisdomTree Investments (WETF) shares have fallen more than 5%, despite reporting roughly in-line quarterly earnings results.

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The asset management firm reported second-quarter GAAP earnings per share of $0.06 -- excluding a three cents settlement gain related to Tradeworx -- on par with consensus expectations. Sales of $56.5 million came in below consensus estimates of $57.2 million, according to Bloomberg. Management reiterated its outlook...