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Tim Hortons Q2 Profit Rises on Much Higher Revenue; Results In-Line with Estimates (THI)

By Dividend.com,  August 09, 2012, 08:58:23 AM EDT

Canadian coffee and doughnut chain Tim Hortons Inc. ( THI ) on Thursday posted a solid uptick in second quarter earnings, led by higher growth in its U.S. locations.

The Oakville, ON-based company reported second quarter net income of C$108.1 million, or C$0.69 per share, compared with C$95.5 million, or C$0.58 per share, in the year-ago period.

Revenue jumped nearly 12% from last year to C$785.6 million.

On average, Wall Street analysts expected a matching $0.69 profit, on lower revenue of C$781.84 million.

Tim Hortons shares were unchanged in premarket trading Thursday.

The Bottom Line
Shares of Tim Horton's ( THI ) have a 1.60% dividend yield, based on last night's closing stock price of $52.58. The stock has technical support in the $48-$51 price area. If the shares can firm up, we see overhead resistance around the $54-$58 price levels.

Tim Hortons Inc. ( THI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: THI



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