Cathay General Bancorp Reveals 16% Advance In Q4 Bottom Line

(RTTNews) - Cathay General Bancorp (CATY) revealed a profit for its fourth quarter that advanced from last year.

The company said its bottom line totaled $48.0 million, or $0.60 per share. This was higher than $41.4 million, or $0.51 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cathay General Bancorp earnings at a glance:

-Earnings (Q4): $48.0 Mln. vs. $41.4 Mln. last year. -Earnings Growth (Y-o-Y): 15.9% -EPS (Q4): $0.60 vs. $0.51 last year. -EPS Growth (Y-o-Y): 17.6% -Analysts Estimate: $0.60