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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