Tim Hortons Inc. (THI) reported fourth quarter net income of C$0.65 per share Thursday morning, down from C$2.19 per share last year. The consensus estimate was for EPS of C$0.62. The company expects to report full year 2012 EPS of C$2.65 to C$2.75, compared to the consensus estimate of C$2.72.
Tim Hortons gapped up Thursday and rose sharply during the first half hour of trade. The stock traded in a range for the remainder of the session and closed up by 1.86 at $52.54, with volume at a 4-month high. Tim Hortons broke out past resistance and set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.