East West Bancorp (EWBC) reported a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $290.27 million, or $2.08 per share. This compares with $285.08 million, or $2.03 per share, last year.
Excluding items, East West Bancorp reported adjusted earnings of $290.86 million or $2.09 per share for the period.
Analysts on average had expected the company to earn $2.06 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.5% to $693.45 million from $645.20 million last year.
East West Bancorp earnings at a glance (GAAP) :
-Earnings: $290.27 Mln. vs. $285.08 Mln. last year.
-EPS: $2.08 vs. $2.03 last year.
-Revenue: $693.45 Mln vs. $645.20 Mln last year.
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