UPDATE: Tim Hortons Reports 1.5% Rise In Q2 Profit

Tim Hortons Inc THI reported a 1.5% increase in its quarterly profit. Tim Hortons' second-quarter earnings surged to C$95.5 million ($95.5 million), or 58 Canadian cents per share, from C$94.1 million, or 54 Canadian cents per share, in the year-earlier period. Its revenue climbed 10% to C$702.8 million. Tim Hortons shares closed at $43.47 yesterday.