Posted AT 1:18 PM EDT on 08/05/08
Canadian Tire profit surges, but shares dip
TORONTO — Hard goods retailer Canadian Tire Corp. posted a first-quarter profit of $66.7-million, up 19.8 per cent from the year-earlier period's profit of $55.7-million.
That represents 82 cents per share, up from 68 cents, the company said Thursday as it released its results ahead of its annual meeting.
Earnings excluding non-operating gains and losses were $55.2-million or 68 cents per share, a 4.
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