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Canada Bread Company, Limited

10:19 AM EST - Canada Bread Company, Limited : reported its financial results for the first quarter ended March 31. First-quarter highlights include: Adjusted Operating Earnings for the first quarter declined 48% to $8.8 million compared to $16.7 million last year. Net earnings for the quarter were $0.8 million, compared to a net loss of $1.0 million last year. Adjusted EPS for the quarter was $0.21, down from $0.56 in the first quarter of 2011. Canada Bread Company, Limited shares T.CBY are trading unchanged at $46.21.