Cato posts profit of $15.7 million in 2nd quarter

MarketsAssociated Press

Cato Corp. (CATO) on Thursday reported fiscal second-quarter profit of $15.7 million, or 56 cents per share.

The company, based in Charlotte, North Carolina, posted revenue of $246.5 million in the period.

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Cato shares have risen roughly 7 percent since the beginning of the year. The stock has risen 22 percent in the last 12 months.

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This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full CATO report: http://www.zacks.com/ap/CATO

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