Central Pacific Financial Corp. Bottom Line Rises In Q1

(RTTNews) - Central Pacific Financial Corp. (CPF) reported earnings for its first quarter that climbed from the same period last year.

The company's earnings totaled $14.28 million, or $0.48 per share. This compares with $13.08 million, or $0.42 per share, in last year's first quarter.

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

The company's revenue for the quarter rose 2.6% to $42.32 million from $41.26 million last year.

Central Pacific Financial Corp. earnings at a glance:

-Earnings (Q1): $14.28 Mln. vs. $13.08 Mln. last year. -EPS (Q1): $0.48 vs. $0.42 last year. -Analysts Estimate: $0.46 -Revenue (Q1): $42.32 Mln vs. $41.26 Mln last year.