CATO

Cato Corp. Q1 Income Climbs, Beats Estimates

(RTTNews) - Cato Corp. (CATO) announced a profit for its first quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $11.0 million, or $0.54 per share. This compares with $4.4 million, or $0.22 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.8% to $177.1 million from $192.1 million last year.

Cato Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $11.0 Mln. vs. $4.4 Mln. last year. -EPS (Q1): $0.54 vs. $0.22 last year. -Revenue (Q1): $177.1 Mln vs. $192.1 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.