Cathay General Q3 EPS $1.13 Beats $1.10 Estimate, Sales $193.48M Miss $196.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cathay General (NASDAQ:CATY) reported Q3 earnings of $1.13 per share, beating the analyst consensus estimate of $1.10 by 2.73%. However, this is a 16.3% decrease from the same period last year. The company's quarterly sales were $193.48 million, missing the analyst consensus estimate of $196.86 million by 1.72%, and marking a 6.72% decrease from the same period last year.
October 23, 2023 | 8:36 pm
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Cathay General's Q3 earnings beat estimates but are down 16.3% YoY. Sales missed estimates and are down 6.72% YoY.
Cathay General's earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimate, could negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100