Cathay General Bancorp Bottom Line Climbs 6% In Q1

(RTTNews) - Cathay General Bancorp (CATY) revealed earnings for its first quarter that climbed from last year.

The company said its bottom line rose to $48.9 million, or $0.61 per share. This was higher than $46.2 million, or $0.57 per share, in last year's first 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 (Q1): $48.9 Mln. vs. $46.2 Mln. last year. -Earnings Growth (Y-o-Y): 5.8% -EPS (Q1): $0.61 vs. $0.57 last year. -EPS Growth (Y-o-Y): 7.0% -Analysts Estimate: $0.60