12:05 PM EST - Tim Hortons Inc. : reported that its second-quarter net income attributable to the company was C$94.1 million, an increase of 21.0% compared to $77.8 million in the second quarter of last year. The company said that higher operating income, and a lower year-over-year tax rate primarily due to lower Canadian statutory rates resulting from its public company reorganization, contributed to its strong net income performance. Earnings per share were $0.54, climbing 25.2% compared to $0.43 per share last year. The company noted that its EPS growth rate benefited by 4.2% from fewer outstanding shares due to its share repurchase programs. Tim Hortons Inc.
shares T.THI are trading up $2.27 at $37.71.
