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CATYBearishEarningsnews
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Cathay (CATY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Apr 22, 2024, 7:39 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Q1 2024 revenue decline of 15.2%, EPS at $1.10 vs. $1.32 year ago. - Revenue surprise of -7.24% and EPS surprise of +7.84%. - Key metrics like Efficiency Ratio, Net Interest Margin slightly missed estimates. - CATY stock returned -2.8% past month, holds Zacks Rank #3 (Hold). Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Q1 2024 revenue decline of 15.2%, EPS at $1.10 vs. $1.32 year ago.
  • Revenue surprise of -7.24% and EPS surprise of +7.84%.
  • Key metrics like Efficiency Ratio, Net Interest Margin slightly missed estimates.
  • CATY stock returned -2.8% past month, holds Zacks Rank #3 (Hold).

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