Cowen: 2Q Earnings Snapshot
NEW YORK (AP) _ Cowen Group Inc. (COWN) on Friday reported second-quarter earnings of $5.8 million.
The company, based in New York, said it had earnings of 13 cents per share. Earnings, adjusted for non-recurring costs, came to 49 cents per share.
The financial services company posted revenue of $292.2 million in the period. Its revenue net of interest expense was $292.2 million, which beat Street forecasts.
Cowen shares have risen 31% since the beginning of the year. The stock has climbed 25% in the last 12 months.