NEW YORK (TheStreet) -- Shares of WisdomTree (WETF) - Get Report are falling 8.98% to $10.13 late Friday morning after the company posted 2016 second quarter results that beat analysts' estimates, but fell short of last year's results.

Before today's market open, the New York-based asset management company posted adjusted earnings of 7 cents per share, topping analysts' estimates of 3 cents per share.

But during the same quarter last year, the company earned 18 cents per share.

Revenue came in at $55.98 million, above analysts' estimates of $55 million, but also below last year's revenue of $60.88 million.

"Our largest Japan and European based exposures experienced outflows as these markets remained broadly out of favor during the quarter, more than offsetting inflows in domestic equities. We remain focused on our long term strategic growth plans," CEO Jonathan Steinberg said in a statement.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins.

But the team also finds weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: WETF

Image placeholder title