Small Cap Movers

UCBH Holdings jumps 21% after matching Wall Street’s Q2 profit estimate

SMALLCAP MARKETPLACE
Will Atkinson | Jul 25, 2008 10:04am EDT | Comment
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UCBH Holdings, Inc. (Nasdaq:UCBH) is up 18% in morning trading after the bank holding company said late Thursday that its second-quarter profit clocked in at $7.7 million, or $0.07 per share, which matched Wall Street’s estimate. During the year-earlier period, the San Francisco-based company earned $28.2 million, or $0.27 per share.

Net interest income during the quarter rose 17% to $94.4 million from $80.5 million a year ago.

In Friday morning trading, UCBH is soaring 21.68%, or $0.80, to $4.49. For detailed price information and recent news stories about UCBH Holdings, click UCBH

Will Atkinson

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Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau. Read More


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