Cato Corp. Q3 Profit Rises - Quick Facts

(RTTNews) - The Cato Corp. (CATO) reported that its third-quarter net income increased to $4.9 million from $4.7 million, last year. Earnings per share was $0.17, compared to $0.16.

Sales were $198.8 million, a 1% increase over $197.6 million, prior year. Same-store sales for the quarter decreased 1%.

The company continues to expect its fourth-quarter sales results will be in line with its year-to-date trend with same-store sales in the range of down 3% to flat. Cato expects fourth-quarter earnings per share to be within the original guidance range of $0.17 to $0.23.

For the year, the company expects earnings per share to be in the range of $1.90 to $1.96.