Cowen Group Reports Preliminary Q4 EPS of $0.04 to $0.06

Cowen Group, Inc. COWN today announced preliminary results for the fourth quarter and full-year ended December 31, 2010. For the fourth quarter of 2010, the Company expects to report GAAP net income of approximately $3 million to $4 million, or $0.04 to $0.06 per share, compared to a GAAP net loss of $23 million in the fourth quarter of 2009, or $0.46 per share. GAAP revenue in the 2010 fourth quarter is expected to be approximately $65 million to $75 million, as compared to GAAP revenue of $70 million in the prior year period.