Central Pacific Financial Corp. Earnings Climb 48% In Q3

(RTTNews) - Central Pacific Financial Corp. (CPF) revealed a profit for its third quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $12.21 million, or $0.38 per share. This was higher than $8.23 million, or $0.23 per share, in last year's third quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.4% to $37.80 million. This was up from $35.53 million last year.

Central Pacific Financial Corp. earnings at a glance:

-Earnings (Q3): $12.21 Mln. vs. $8.23 Mln. last year. -Earnings Growth (Y-o-Y): 48.4% -EPS (Q3): $0.38 vs. $0.23 last year. -EPS Growth (Y-o-Y): 65.2% -Analysts Estimate: $0.34 -Revenue (Q3): $37.80 Mln vs. $35.53 Mln last year. -Revenue Change (Y-o-Y): 6.4%