Cato Corp 1Q EPS 58 Cents Vs EPS 59 Cents

Thursday, May 22, 2008 8:03 AM

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DOW JONES NEWSWIRES

Cato Corp. (NYSE:CTR) (CTR) said first-quarter profit fell to $16.9 million, or 58 cents a share, from $18.7 million, or 59 cents, in the year-earlier period.

Revenues at the Charlotte, N.C., retailer rose 1% to $228.8 million from $ 227.2 million, and comparable-store sales fell 2%.

The company said it expects to report a second-quarter profit of 28 cents to 33 cents a share and full-year earnings of 80 to 95 cents a share.

Shares of Cato closed Wednesday at $14.76.

-Michelle Donley; 415-439-6400; AskNewswires@dowjones.com

    (END) Dow Jones Newswires   05-22-08 0803   Copyright (c) 2008 Dow Jones & Company, Inc.

(Source: iStockAnalyst )

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