12:01 PM EST - Canadian Tire Corporation, Limited : released first-quarter results for the period ended March 31, 2012, which reflected strong revenue and earnings growth compared to the first quarter of 2011. Consolidated revenue increased 23.4% to $2.4 billion in the quarter, reflecting the inclusion of FGL Sports acquired in August 2011, and solid growth across the retail businesses including all major categories within Canadian Tire Retail. Consolidated net income increased 21.5% to $71.0 million compared to the same period in 2011 and diluted earnings per share increased 21.6% to $0.87 for the quarter. Consolidated results reflected strong growth in Financial Services, the inclusion of FGL Sports and a lower tax rate. Canadian Tire Corporation, Limited
shares T.CTC.A are trading up $3.76 at $71.78.
