Cato Corp. (CATO) Tops Q3 EPS by 1c. Reaffirms Q4

Cato Corp. (NYSE: CATO) reported Q3 EPS of $0.16, $0.01 better than the analyst estimate of $0.15. Revenue for the quarter came in at $197.6 million versus the consensus estimate of $197.6 million.

Guidance

"We expect fourth quarter earnings per diluted share will be within our original guidance of $0.38 to $0.42 versus $0.35 last year, a 9% to 20% increase. For the year, earnings per diluted share are estimated to be in the range of $2.22 to $2.26 vs. $2.21 last year, a slight increase to an increase of 2%."

The Company's fourth quarter includes 14 weeks compared to 13 weeks in 2011 and the fiscal year includes 53 weeks compared to 52 weeks in 2011. Earnings guidance for both the fourth quarter and year reflects the impact of the additional week.

For earnings history and earnings-related data on Cato Corp. (CATO) click here.

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