03:59 PM EST - Tim Hortons Inc. : reported net income for the first quarter of $66.4 million or $0.37 per share, compared to $61.8 million or $0.33 per share for the year-ago quarter. Total revenues for the quarter rose 10.2 per cent to $507.2 million from $460.3 million in the same quarter last year. Same-store sales increased 3.4 per cent in Canada and 3.2 per cent in the U.S. The company declared a quarterly dividend of $0.10 per share payable on June 16 to shareholders of record on June 2. Tim Hortons Inc.
shares T.THI are trading down $0.98 at $28.97.
