NEW YORK (AP) — NEW YORK (AP) — Cowen Group Inc. (COWN) on Friday reported fourth-quarter profit of $12.9 million.
The New York-based company said it had earnings of 34 cents per share. Earnings, adjusted for non-recurring gains, came to 29 cents per share.
The financial services company posted revenue of $413.9 million in the period. Its revenue net of interest expense was $371.7 million, which beat Street forecasts.
For the year, the company reported profit of $76.5 million, or $2.21 per share. Revenue was reported as $1.31 billion.
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