East West Bancorp (EWBC) released a profit for its fourth quarter that increased from last year but missed the Street estimates.
The company's bottom line totaled $217.80 million, or $1.52 per share. This compares with $164.08 million, or $1.15 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $1.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 17.1% to $405.70 million from $346.58 million last year.
East West Bancorp earnings at a glance (GAAP) :
-Earnings (Q4): $217.80 Mln. vs. $164.08 Mln. last year.
-EPS (Q4): $1.52 vs. $1.15 last year.
-Analyst Estimate: $1.57
-Revenue (Q4): $405.70 Mln vs. $346.58 Mln last year.
by RTTNews Staff Writer
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