Cathay General Bancorp Q2 Profit Retreats 23%

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

The company said its bottom line fell to $34.8 million, or $0.44 per share. This was down from $45.2 million, or $0.56 per share, in last year's second quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cathay General Bancorp earnings at a glance:

-Earnings (Q2): $34.8 Mln. vs. $45.2 Mln. last year. -Earnings Decline (Y-o-Y): -23.0% -EPS (Q2): $0.44 vs. $0.56 last year. -EPS Decline (Y-o-Y): -21.4% -Analysts Estimate: $0.44