Cathay General Bancorp Reports Increase In Q3 Profit

(RTTNews) - Cathay General Bancorp (CATY) reported earnings for its third quarter that climbed from last year.

The company's profit came in at $69.8 million, or $0.85 per share. This compares with $49.7 million, or $0.61 per share, in last year's third quarter.

Analysts had expected the company to earn $0.85 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cathay General Bancorp earnings at a glance:

-Earnings (Q3): $69.8 Mln. vs. $49.7 Mln. last year. -EPS (Q3): $0.85 vs. $0.61 last year. -Analysts Estimate: $0.85