03:32 PM EST - Tim Hortons Inc. : has reported 7.1 percent growth in summer-quarter revenue, but higher taxes and various one-time items eroded profits. Canada's favourite doughnut-shop operator said Thursday it earned $51.8 million or 27 cents per share in the third quarter ended Oct. 31, down from year-ago net income of $66.3 million, worth 41 cents per share on substantially fewer shares. Tim Hortons Inc.
T.THI are trading up 50 cents at $31.80.
