CORRECTION: 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. However, the company's quarterly sales of $566.75 million missed the analyst consensus estimate of $599.45 million by 5.46%, despite being a 19.83% increase from the same period last year.
July 20, 2023 | 1:20 pm
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East West Bancorp's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
East West Bancorp's earnings beat estimates, which is typically positive for the stock. However, the company's sales missed estimates, which could negatively impact the stock. The net effect could be neutral, leading to a score of 0.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100