Cathay General Bancorp Reports Decline In Q4 Bottom Line

(RTTNews) - Cathay General Bancorp (CATY) reported earnings for fourth quarter that declined from last year.

The company said its bottom line fell to $25.9 million, or $0.32 per share. This was lower than $48.0 million, or $0.60 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cathay General Bancorp earnings at a glance:

-Earnings (Q4): $25.9 Mln. vs. $48.0 Mln. last year. -Earnings Decline (Y-o-Y): -46.0% -EPS (Q4): $0.32 vs. $0.60 last year. -EPS Decline (Y-o-Y): -46.7% -Analysts Estimate: $0.63