WASHINGTON (dpa-AFX) - East West Bancorp (EWBC) released a profit for its third quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $299.17 million, or $2.14 per share. This compares with $287.74 million, or $2.02 per share, in last year's third quarter.
Analysts on average had expected the company to earn $2.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.5% to $657.48 million from $647.57 million last year.
East West Bancorp earnings at a glance (GAAP) :
-Earnings (Q3): $299.17 Mln. vs. $287.74 Mln. last year. -EPS (Q3): $2.14 vs. $2.02 last year. -Revenue (Q3): $657.48 Mln vs. $647.57 Mln last year.
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