Central Pacific Financial Corp. Announces Gain In Q2 Profit

(RTTNews) - Central Pacific Financial Corp. (CPF) revealed a profit for its second quarter that increased from the same period last year.

The company's bottom line totaled $14.22 million, or $0.48 per share. This compares with $12.03 million, or $0.39 per share, in last year's second 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 2.5% to $42.67 million from $41.63 million last year.

Central Pacific Financial Corp. earnings at a glance:

-Earnings (Q2): $14.22 Mln. vs. $12.03 Mln. last year. -EPS (Q2): $0.48 vs. $0.39 last year. -Analysts Estimate: $0.46 -Revenue (Q2): $42.67 Mln vs. $41.63 Mln last year.