Cowen Group (COWN) Posts Q4 Loss of $0.48/Share

Cowen Group (NASDAQ: COWN) reported Q4 EPS of ($0.48), which may not compare to the analyst estimate of $0.19. Revenue for the quarter came in at $122.3 million versus the consensus estimate of $126.5 million.

Fourth Quarter Financial Summary

• GAAP revenue of $122.3 million compared to $110.6 million in the prior year period.
• GAAP net loss attributable to common shareholders of $3.6 million or $(0.13) per diluted common share, compared to GAAP net income attributable to common shareholders of $28.9 million or $1.03 per diluted common share in the prior year period.
• Economic revenue, a non-GAAP measure, of $128.1 million compared to $160.7 million in the prior year period.
• Economic loss, a non-GAAP measure, available to Cowen Group of $12.9 million or $(0.48) per diluted share, compared to an economic income of $15.2 million or $0.54 per diluted share in the fourth quarter 2015.

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

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