UCBH Holdings jumps 21% after matching Wall Street’s Q2 profit estimate
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.
About the Author
Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau.
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