10:53 AM EST - Forzani Group Ltd. : Canada's largest sporting goods retailer, reported a higher second-quarter profit on Wednesday and initiated a dividend. The company, whose banners include Sport Chek, Sports Experts and Coast Mountain Sports, earned $5.4 million, or 16 cents a share, in the three months ended July 29. That's up from $1.9 million, or 6 cents a share in the year-earlier period. Analysts polled by Reuters Estimates had expected Calgary, Alberta-based Forzani to earn, on average, $3.5 million, and 11 cents per share. Forzani Group Ltd.
shares T.FGL are trading up 65 cents at $21.79.
