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.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.