Recap: Cowen Q2 Earnings

Shares of Cowen COWN rose 0.7% after the company reported Q2 results.

Quarterly Results

Earnings per share increased 775.38% year over year to $5.69, which beat the estimate of $3.25.

Revenue of $558,700,000 higher by 128.61% from the same period last year, which beat the estimate of $436,910,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 28, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/bohrvhbk

Technicals

52-week high: $18.36

52-week low: $5.75

Price action over last quarter: Up 62.65%

Company Profile

Cowen Inc is a United States-based company that provides financial services and operates through two segments. The p Co segment consists of four divisions such as Investment Banking, Markets, Research and Cowen Investment Management. The Asset Co segment consists of the company's private investments, private real estate investments and other legacy investment strategies.