Cathay General Bancorp Profit Advances 8% In Q3

(RTTNews) - Cathay General Bancorp (CATY) announced earnings for its third quarter that increased compared to the same period last year.

The company said its bottom line advanced to $49.75 million, or $0.61 per share. This was up from $46.09 million, or $0.58 per share, in last year's third quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cathay General Bancorp earnings at a glance:

-Earnings (Q3): $49.75 Mln. vs. $46.09 Mln. last year. -Earnings Growth (Y-o-Y): 7.9% -EPS (Q3): $0.61 vs. $0.58 last year. -EPS Growth (Y-o-Y): 5.2% -Analysts Estimate: $0.59