East West Bancorp Q3 adjusted earnings Beat Estimates

(RTTNews) - East West Bancorp (EWBC) announced a profit for its third quarter that advanced from last year.

The company's earnings totaled $171.3 million, or $1.17 per share. This compares with $132.7 million, or $0.91 per share, in last year's third quarter.

Excluding items, East West Bancorp reported adjusted earnings of $171.3 million or $1.17 per share for the period.

Analysts had expected the company to earn $1.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.0% to $348.7 million from $303.2 million last year.

East West Bancorp earnings at a glance:

-Earnings (Q3): $171.3 Mln. vs. $130.5 Mln. last year. -EPS (Q3): $1.17 vs. $0.89 last year. -Analysts Estimate: $1.14 -Revenue (Q3): $348.7 Mln vs. $303.2 Mln last year.