East West Bancorp Reveals Fall In Q3 Profit

(RTTNews) - East West Bancorp (EWBC) reported a profit for third quarter that declined from last year.

The company's bottom line came in at $159.54 million, or $1.12 per share. This compares with $171.42 million, or $1.17 per share, in last year's third quarter.

Analysts had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 12.4% to $324.13 million from $369.81 million last year.

East West Bancorp earnings at a glance:

-Earnings (Q3): $159.54 Mln. vs. $171.42 Mln. last year. -EPS (Q3): $1.12 vs. $1.17 last year. -Analysts Estimate: $0.95 -Revenue (Q3): $324.13 Mln vs. $369.81 Mln last year.