Cathay General Bancorp Q3 Income Rises 7%

(RTTNews) - Cathay General Bancorp (CATY) released a profit for its third quarter that rose compared to the same period last year.

The company said its bottom line advanced to $38.5 million, or $0.47 per share. This was up from $35.9 million, or $0.45 per share, in last year's third quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cathay General Bancorp earnings at a glance:

-Earnings (Q3): $38.5 Mln. vs. $35.9 Mln. last year. -Earnings Growth (Y-o-Y): 7.2% -EPS (Q3): $0.47 vs. $0.45 last year. -EPS Growth (Y-o-Y): 4.4% -Analysts Estimate: $0.46