Cathay General Bancorp Q2 Earnings Climb

(RTTNews) - Cathay General Bancorp (CATY) released a profit for its second quarter that advanced from the same period last year.

The company's bottom line came in at $73.7 million, or $0.90 per share. This compares with $51.4 million, or $0.64 per share, in last year's second quarter.

Analysts had expected the company to earn $0.89 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cathay General Bancorp earnings at a glance:

-Earnings (Q2): $73.7 Mln. vs. $51.4 Mln. last year. -EPS (Q2): $0.90 vs. $0.64 last year. -Analysts Estimate: $0.89