03:42 PM EST - Reitmans (Canada) Ltd. : posted a lower third-quarter net income, hurt by weak demand amid concerns over economic conditions. Sales for the third quarter ended October 29, 2011 decreased 3.2% to $254,072,000 as compared with $262,515,000 for the third quarter of fiscal 2010. Net earnings decreased 49.0% to $10,561,000 or $0.16 diluted earnings per share as compared to $20,692,000 or $0.31 diluted earnings per share for the same period last year. Reitmans (Canada) Ltd.
shares T.RET are trading up $0.14 at $15.01.
