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East West Bancorp Q1 adjusted earnings miss estimates

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Christian Fernsby |
East West Bancorp
East West Bancorp   The company's bottom line totaled $164.0 million, or $1.12 per share

East West Bancorp revealed a profit for first quarter that dropped from the same period last year.

The company's bottom line totaled $164.0 million, or $1.12 per share. This compares with $187.0 million, or $1.28 per share, in last year's first quarter.

Excluding items, East West Bancorp reported adjusted earnings of $168.9 million or $1.16 per share for the period.

Analysts had expected the company to earn $1.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.9% to $362.46 million from $326.69 million last year.

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