Cathay General Bancorp Q2 Income Advances 48%

(RTTNews) - Cathay General Bancorp (CATY) released earnings for its second quarter that gained ground compared to the same period last year.

The company said its bottom line rose to $51.4 million, or $0.64 per share. This was up from $34.8 million, or $0.44 per share, in last year's second quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cathay General Bancorp earnings at a glance:

-Earnings (Q2): $51.4 Mln. vs. $34.8 Mln. last year. -Earnings Growth (Y-o-Y): 47.7% -EPS (Q2): $0.64 vs. $0.44 last year. -EPS Growth (Y-o-Y): 45.5% -Analysts Estimate: $0.62