Central Pacific Financial Corp. Reveals Increase In Q1 Profit

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

The company's earnings came in at $16.04 million, or $0.55 per share. This compares with $14.28 million, or $0.48 per share, in last year's first quarter.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.6% to $45.11 million from $42.32 million last year.

Central Pacific Financial Corp. earnings at a glance:

-Earnings (Q1): $16.04 Mln. vs. $14.28 Mln. last year. -EPS (Q1): $0.55 vs. $0.48 last year. -Analysts Estimate: $0.50 -Revenue (Q1): $45.11 Mln vs. $42.32 Mln last year.