Tag: dip

Earnings call: Cathay General Bancorp reports Q1 income dip amid loan challenges

 stock analyst  04/23/2024  0 Comments on Earnings call: Cathay General Bancorp reports Q1 income dip amid loan challenges

Cathay General Bancorp (NASDAQ:CATY) experienced a 13.4% decrease in net income during the first quarter of 2024, reporting $71.4 million, as revealed in their recent earnings call. The decline was attributed to a mark-to-market loss from equity securities and an increased FDIC special assessment. Despite a decrease in total gross loans, the bank saw a significant increase in total deposits.

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Apple’s iPhone shipments dip 10% in Q1 as Samsung reclaims the top spot

 stock analyst  04/15/2024  0 Comments on Apple’s iPhone shipments dip 10% in Q1 as Samsung reclaims the top spot

Apple (NASDAQ:AAPL) has registered a nearly 10% decline in iPhone shipments in Q1 2024 as the broader smartphone market experienced a resurgence, according to market data from IDC.

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