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WisdomTree (WETF) Stock Sliding Despite In-Line Q1 Earnings

NEW YORK (TheStreet) -- Shares of WisdomTree Investments (WETF - Get Report) are retreating by 8.33% to $10.85 on Friday afternoon, even though the firm posted 2016 first quarter earnings that met analysts' expectations.

Before the market open, the New York-based asset management company reported earnings of 9 cents per diluted share, which matched analysts' estimates.

Revenue of $60.9 million for the quarter was slightly higher than Wall Street's forecasts of $60.8 million.

"Against a backdrop of equity and currency market...