Wealthfront reports Q3 EPS 21c, consensus 20c

Reports Q3 revenue $93.22M, consensus $93.18M. David Fortunato CEO, president and director said: “We continued to execute in our core business driving Platform Assets to a record at quarter-end amidst a dynamic macro environment. This included the best quarter in net cross account transfers from Cash Management to Investment Advisory in the company’s history. We achieved this while accelerating the pace of product innovation including the launch of Nasdaq-100 Direct and the origination of our first home mortgage.”