Did Cato and These Stocks Miss or Beat Analyst Expectations?
Cato Corp. (NYSE:CATO) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased 13.56% to $0.51 in the quarter versus EPS of $0.59 in the year-earlier quarter. Revenue Decreased 1.99% to $229.4 million from the year-earlier quarter.
Cato Corp. reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.48. It missed the average revenue estimate of $237 million.