Cato Corp: Jumps on strong Q2 earnings

Cato

22/08/2019 15:34

** Women's apparel and accessories retailer's shares
 CATO.N  jump ~16% to $16.02, hitting over 5-month high
    ** Q2 profit soars 83%; retail, same-store sales rose 4% in
the qtr  urn:newsml:reuters.com:*:nPn2gvtNZa
    ** Stock opens higher for fifth consecutive session; set for
its best day in over a year 
    ** Stock among top percentage gainers across U.S. exchanges
    ** We remain cautiously optimistic about the H2 2019 given
the difficult retail environment and the potential effect of new
tariffs, says CEO John Cato
    ** YTD, stock up 11.2% 

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com; within the U.S. +1 646 223
8780, outside the U.S. +91 80 6749 9246;))