WisdomTree Investments Inc.'s (WSDT.PK, WETF) first-quarter 2012 net income rose to $1.1 million or $0.01 per share from $0.2 million or a breakeven per share in the year-ago period. Excluding non-operating expenses related to litigation, shareholder proxy and exchange listing fees, proforma net income was $1.9 million, up from last year's $0.5 million.
On average, 5 analysts polled by Thomson Reuters expected earnings per share of $0.01 for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues went up 31.9% to $19.2 million as compared with $14.53 million in the first quarter of 2011, chiefly due to higher AUM as a result of net inflows of $2.3 billion partly offset by a decrease in average pricing resulting from a change in product mix. Analysts estimated revenues of $19.34 million for the quarter.
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