East West Bancorp Q3 Adj EPS $2.02, Inline, Revenue $647.57M Beat $570.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
East West Bancorp (NASDAQ:EWBC) reported Q3 earnings of $2.02 per share, meeting analyst consensus. This is a 2.88% decrease from last year. The company's quarterly sales of $647.57M beat the analyst consensus of $570.29M by 13.55%, marking a 17.35% increase from last year.
October 19, 2023 | 12:04 pm
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East West Bancorp's Q3 earnings met analyst expectations but decreased by 2.88% YoY. Sales exceeded estimates by 13.55% and increased by 17.35% YoY.
East West Bancorp's earnings met analyst expectations, which is generally positive. However, the YoY decrease in earnings might be a concern for some investors. The significant beat on sales estimates and YoY increase is a strong positive signal, potentially offsetting concerns about the earnings decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100