Cato Corp. (CATO) Tops Q2 EPS by 1c; Guides Q3, Q4 EPS

Cato Corp. (NYSE: CATO) reported Q2 EPS of $0.53, $0.01 better than the analyst estimate of $0.52. Revenue for the quarter came in at $243.8 million versus the consensus estimate of $246 million.

Second quarter same-store sales increased 3%.

Cato Corp. sees Q3 2014 EPS of $0.08 - $0.13.

Cato Corp. sees Q4 2014 EPS of $0.13 - $0.17.

Comparable store sales for both the third and fourth quarters are estimated to be in the range of down 2% to flat. Based on year-to-date results and this guidance for the second half, earnings per diluted share are expected to be within the adjusted range of $1.82 to $1.91 versus $1.86 last year, a decrease of 2% to an increase of 3%.

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

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