Shares of Cato (CATO +3.4%) trade higher after the firm beats Q3 earnings estimates by a penny...

|About: The Cato Corporation (CATO)|By:, SA News Editor

Shares of Cato (CATO +3.4%) trade higher after the firm beats Q3 earnings estimates by a penny on lower-than-expected revenue. The retailer says that after factoring in a weakening same-store sales trend, it expects Q4 EPS to fall in the lower end of its original guidance range of $0.32-$0.35.