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Cato Corp Down 6.91% To $12.53 After Earnings

Thursday, August 18, 2022 11:19 AM | InvestorsObserver Analysts
Cato Corp Down 6.91% To $12.53 After Earnings

Cato Corp (CATO) said before open Thursday that it lost $0.11 per share in quarter two 2022. The company reported $196.9 million in revenue

In the same quarter a year ago, the company earned $0.62 per share on revenue of $207.7 million.

The stock is down 6.91% to $12.53 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Cato Corp has performed a little above average during the past few months. Before the report, Cato Corp received a Long-Term Technical Rank by InvestorsObserver of 61, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $10.93 on June 13, 2022 and set a 52-week high on November 9, 2021 at $19.89.

The Cato Corp operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. Its primary objective is to be the fashion specialty retailer for fashion and value in its markets. The company operates through the following business segments: Retail and Credit. The Retail segment which generates majority revenue offers fashion specialty stores. The Credit segment involves credit card services.

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