East West Bancorp Q2 EPS $2.20 Beats $2.14 Estimate, Sales $566.75M Miss $599.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
East West Bancorp (NASDAQ:EWBC) reported Q2 earnings of $2.20 per share, beating the analyst consensus estimate of $2.14 by 2.8%. This is a 21.55% increase from the same period last year. The company also reported quarterly sales of $645.00 million, beating the analyst consensus estimate of $599.45 million by 7.60%. This is a 36.38% increase from the same period last year.
July 20, 2023 | 12:05 pm
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POSITIVE IMPACT
East West Bancorp's Q2 earnings and sales beat analyst estimates, showing significant YoY growth. This positive financial performance may boost investor confidence and positively impact the stock price in the short term.
East West Bancorp's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance. This is likely to be viewed positively by investors, potentially leading to increased demand for the stock and a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100