Benzinga | Oct 27, 2020 07:49AM EDT

Cowen: Q3 Earnings Insights

Shares of Cowen (NASDAQ:COWN) rose 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 267.65% year over year to $1.25, which beat the estimate of $0.38.

Revenue of $274,287,000 rose by 26.35% year over year, which beat the estimate of $227,100,000.

Outlook

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

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

Details Of The Call

Date: Oct 27, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/nazu2fc3

Price Action

Company's 52-week high was at $20.35

Company's 52-week low was at $5.75

Price action over last quarter: Up 9.63%

Company Description

Cowen provides financial services in two segments: the operating company, which includes Cowen Investment Management, investment banking, the markets division, and the research division; and the asset company, which consists of private investments, real estate investments and other legacy investment strategies. Cowen offers investment management services to institutional investors worldwide. The company offers its investment banking and research services to corporations and institutional investors in the U.S. and Europe. Revenue comes primarily through investment banking and brokerage services.