Cathay General Q2 EPS $1.28 Beats $1.13 Estimate, Sales $204.64M Beat $196.37M Estimate
Portfolio Pulse from sunil@benzinga.com
Cathay General (NASDAQ:CATY) reported Q2 earnings of $1.28 per share, beating the analyst consensus estimate of $1.13 by 13.27%. This is an 8.47% increase from the same period last year. The company also reported quarterly sales of $204.64 million, beating the analyst consensus estimate of $196.37 million by 4.21%, a 7.83% increase from the same period last year.
July 24, 2023 | 8:32 pm
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POSITIVE IMPACT
Cathay General's Q2 earnings and sales exceeded analyst estimates, indicating a positive financial performance.
Cathay General's Q2 earnings and sales beat analyst estimates, which is typically a positive signal for the company's stock. The increases from the same period last year also indicate a strong financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100