East West Bancorp Q2 Profit Rises

(RTTNews) - East West Bancorp (EWBC) released earnings for its second quarter that rose from last year.

The company's bottom line totaled $224.74 million, or $1.57 per share. This compares with $99.35 million, or $0.7 per share, in last year's second quarter.

Analysts had expected the company to earn $1.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.5% to $376.47 million from $343.77 million last year.

East West Bancorp earnings at a glance:

-Earnings (Q2): $224.74 Mln. vs. $99.35 Mln. last year. -EPS (Q2): $1.57 vs. $0.7 last year. -Analysts Estimate: $1.39 -Revenue (Q2): $376.47 Mln vs. $343.77 Mln last year.