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Cato Issues Full Year EPS Percentage Increase Correction - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Cato Corp. (CATO) reported sales for the five weeks ended January 2, 2010 on Thursday, January 7, 2010. As part of the release, the company raised its earnings per share guidance for the fourth quarter and full year. Inadvertently, the full year estimate was compared to an incorrect prior year result. The estimate for the year was correct. The sentence should have read "The Company's estimate for the full year earnings per diluted share is a range of $1.51 to $1.53 vs. $1.14 last year, an increase of 32% to 34%."

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