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Cato reports 4Q loss

CHARLOTTE, N.C. (AP) _ Cato Corp. (CATO) on Thursday reported a loss of $15.5 million in its fiscal fourth quarter.

On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 62 cents. Losses, adjusted for pretax expenses, came to 14 cents per share.

The clothing retailer posted revenue of $213 million in the period.

For the year, the company reported profit of $8.5 million, or 34 cents per share. Revenue was reported as $850 million.

Cato shares have dropped 17 percent since the beginning of the year. The stock has declined 38 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATO at https://www.zacks.com/ap/CATO