World News: 14:00 GMT Friday 12th July 2019. [Cowen Inc. via Globe Newswire via SPi World News]
NEW YORK, July 12, 2019 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) will host a conference call on Friday, July 26, 2019 at 10:00 AM ET to discuss the Company's financial results for the second quarter of 2019.
Investors can access the conference call by dialing 1-855-760-0961 (1-631-485-4850 outside the U.S.) The passcode for the call is 8293838. A recording of the conference call will be available for one week beginning at 1:00 PM ET on July 26 by dialing 1-855-859-2056 (1-404-537-3406 outside the U.S.) and entering passcode 8293838.
The conference call will also be broadcast live through a link on the Investor Relations section of Cowen’s website at . Please go to the website at least 15 minutes prior to the call to register and download any necessary software. A replay will be available on the Investor Relations page of Cowen’s website approximately two hours after completion of the conference call.
As noted in the prior reporting period, the Company continually monitors and reviews its segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact its reportable segments. Because of the change in the Chief Operating Decision Maker (“CODM”) of the Company at the end of 2017, the Company experienced a strategic shift to refocus the Company’s businesses on a set of differentiated products which are aligned to the content and insight within the Company’s domain of expertise.
During the second quarter of 2019, the Company realigned the information that the CODM regularly reviews to evaluate performance for operating decision-making purposes, including evaluation and allocation of resources. As a result, the Company will disclose its financial information in a new segment structure for the period ended June 30, 2019.
This structure includes two business segments: Operating Co and Asset Co. The structure is based on the Company's domain expertise as a driver of balance sheet harmonization and repeatable revenues for its operating business versus the Company’s long-term monetization strategies.
The Company will provide additional details on this segment reporting change in its Second Quarter 2019 earnings release on July 26.
Globe Newswire: 14:00 GMT Friday 12th July 2019
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