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Tim Hortons Inc. (THI) Dropped To A 10-Month Low After Q3 Miss

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Tim Hortons Inc. (THI: Quote) reported third quarter net income of C$0.68 per share Thursday morning, up from C$0.65 per share in the year-ago period. The consensus estimate was for EPS of C$0.72. The company expects to report full year EPS of C$2.65 to C$2.75. The consensus estimate is for EPS of C$2.70.

Tim Hortons declined for the majority of Thursday's session and closed down by 2.69 at $47.03 on above average volume. The stock closed testing support, trading at a 10-month low.

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by RTT Staff Writer

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