East West Bancorp (EWBC) released earnings for its third quarter that rose from last year.
The company's profit came in at $225.45 million, or $1.57 per share. This compares with $159.54 million, or $1.12 per share, in last year's third quarter.
Analysts had expected the company to earn $1.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 23.8% to $468.82 million from $378.63 million last year.
East West Bancorp earnings at a glance:
-Earnings (Q3): $225.45 Mln. vs. $159.54 Mln. last year.
-EPS (Q3): $1.57 vs. $1.12 last year.
-Analysts Estimate: $1.51
-Revenue (Q3): $468.82 Mln vs. $378.63 Mln last year.
by RTTNews Staff Writer
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