Central Pacific Financial Corp. Reveals 6% Retreat In Q3 Earnings

(RTTNews) - Central Pacific Financial Corp. (CPF) reported earnings for third quarter that decreased compared to the same period last year.

The company said its earnings totaled $11.47 million, or $0.37 per share. This was lower than $12.21 million, or $0.38 per share, in last year's third quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.3% to $39.43 million. This was up from $37.80 million last year.

Central Pacific Financial Corp. earnings at a glance:

-Earnings (Q3): $11.47 Mln. vs. $12.21 Mln. last year. -Earnings Decline (Y-o-Y): -6.1% -EPS (Q3): $0.37 vs. $0.38 last year. -EPS Decline (Y-o-Y): -2.6% -Analysts Estimate: $0.37 -Revenue (Q3): $39.43 Mln vs. $37.80 Mln last year. -Revenue Change (Y-o-Y): 4.3%