Cowen Group, Inc. Announces First Quarter 2017 Financial Results
Cowen Inc. - Class A (COWN)
Last cowen inc. - class a earnings: 4/29 07:01 am
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US:NASDAQ Investor Relations:
investor.cowen.com/investor-overview
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Source: Business Wire
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, 2017. Highlights First Quarter Financial Summary GAAP revenue of $115.0 million compared to $101.0 million in the prior year period. GAAP net income attributable to common shareholders of $1.3 million or $0.05 per diluted common share, compared to a GAAP net loss attributable to common shareholders of $5.4 million or $(0.20) per diluted common share in the prior year period. Economic revenue, a non-GAAP measure, of $128.6 million compared to $105.6 million in the prior year period. Economic income, a non-GAAP measure, available to Cowen Group of $5.5 million or $0.19 per diluted share, compared to an economic income loss of $4.9 million or $(0.18) per dilu
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