Cato Corp. (CATO) reported an increase in third-quarter net income to $2.98 million from $0.82 million a year ago, on an unrounded basis. Earnings per share for the third quarter were $0.10 compared with $0.03 last year, an increase of 233%. On average, 2 analysts polled by Thomson Reuters expected earnings per share of $0.09 for the quarter. Analysts' estimate typically excludes one-time items.
Sales for the third quarter ended October 31, 2009 were $190.97 million, a 6% increase over $179.84 million in the comparable period.
The company said it is maintaining its original guidance for fourth quarter earnings per share in the range of $0.08 to $0.13.
For the full year, the company raised its earnings outlook to range between $1.38 and $1.43 per share from its prior outlook of $1.21 and $1.29 per share. Two analysts estimate earnings per share of $1.43 for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.