Cowen Group (COWN) Tops Q3 EPS by 4c, Revenues Beat

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Cowen Announces Third Quarter 2019 Financial Results

October 24, 2019 7:00 AM EDT

Reports GAAP EPS of $0.07 and Economic Operating EPS of $0.34Profitability Driven by Higher Year-over-Year Incentive Income and Brokerage RevenuesCowen Investment Management Launches New Sustainable Investments Strategy

NEW YORK, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ: COWN) (Cowen or the Company) today announced its operating results for the third quarter ended September 30, 2019.

GAAP

Third quarter 2019 revenue was $252.0 million compared to $221.0 million in the third quarter of 2018.Third quarter 2019 net income was $2.1... More