Cathay General Bancorp Q2 Profit Climbs, Beats estimates

Cathay General Bancorp (CATY) released earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $89.0 million, or $1.18 per share. This compares with $77.2 million, or $0.97 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cathay General Bancorp earnings at a glance (GAAP) :

-Earnings (Q2): $89.0 Mln. vs. $77.2 Mln. last year.
-EPS (Q2): $1.18 vs. $0.97 last year.
-Analyst Estimate: $1.17

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