UPDATE: Piper Jaffray Posts Rise In Q1 Earnings

Piper Jaffray Companies (NYSE: PJC ) reported a rise in its first-quarter earnings. Piper Jaffray's quarterly profit surged to $10.1 million, or $0.57 per share, versus $2.9 million, or $0.15 per share, in the year-earlier period. Its earnings from continuing operations came in at $0.60 per share. Its net revenue