Cowen: 2Q Earnings Snapshot
Posted July 28, 2020 7:35 am.
Last Updated July 28, 2020 7:38 am.
This article is more than 5 years old.
NEW YORK (AP) _ Cowen Group Inc. (COWN) on Tuesday reported second-quarter earnings of $113.8 million.
The New York-based company said it had earnings of $3.83 per share. Earnings, adjusted for non-recurring costs, came to $5.50 per share.
The financial services company posted revenue of $369.5 million in the period. Its revenue net of interest expense was $369.5 million, missing Street forecasts.
Cowen shares have risen 13% since the beginning of the year. The stock has risen nearly 2% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COWN at https://www.zacks.com/ap/COWN
The Associated Press
