Cowen Group (COWN) Misses Q1 EPS by 8c

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Go back to Cowen Group (COWN) Misses Q1 EPS by 8c

Cowen Group, Inc. Announces First Quarter 2016 Financial Results

April 28, 2016 4:01 PM EDT

NEW YORK--(BUSINESS WIRE)-- Cowen Group, Inc. (NASDAQ: COWN) (Cowen or the Company) today announced its operating results for the first quarter ended March 31, 2016.

Highlights(1)

First Quarter Financial Summary

Revenue of $105.6 million compared to $161.7 million in the prior year period. Economic loss available to Cowen Group of $4.9 million or $(0.05) per diluted share, compared to economic income of $23.6 million or $0.20 per diluted share in the first quarter 2015. GAAP net loss attributable to common shareholders of... More