Cowen Group (COWN) Misses Q3 Expectations

Cowen Group (NASDAQ: COWN) reported Q3 EPS of ($0.13), $0.14 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $82.8 million versus the consensus estimate of $111.76 million.

Core operating businesses performed well. The quarterly loss is primarily attributable to mark-to-market declines and spread widening within the liquid strategies on our balance sheet investments and the reversal of incentive fees, all of which were a result of the market volatility in August and September.

For earnings history and earnings-related data on Cowen Group (COWN) click here.

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