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BRIEF-Cato posts Q1 earnings per share $0.85

May 18 Cato Corp

* Cato reports decline in 1Q EPS

* Q1 earnings per share $0.85

* Q1 sales fell 17 percent to $237.7 million

* Company's same-store sales for quarter decreased 17 pct to last year

* Sales for Q1 were $237.7 million, a decrease of 17 pct

* "it is taking longer to work through these issues than expected and remainder of year will be impacted"

* "we expect earnings for year to be below last year." Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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