Cowen Group (COWN) Tops Q1 EPS by 13c
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Cowen Announces First Quarter 2019 Financial Results
April 25, 2019 7:01 AM EDTNEW YORK, April 25, 2019 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ: COWN) (Cowen or the Company) today announced its operating results for the first quarter ended March 31, 2019.
GAAP
First quarter 2019 revenue was $224.1 million compared to $251.4 million in the first quarter of 2018.First quarter 2019 net income was $8.1 million or $0.26 per diluted common share, compared to $15.2 million, or $0.50 per diluted common share in the first quarter of 2018.Economic Income (Non-GAAP)
First quarter 2019 revenue decreased 3% to $233.5 million from $241.5 million in the prior year... More