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Company News

BUZZ-Canadian Tire Corp: Rises after Q3 profit beat

** Shares of Canadian retailer rise 8.3 pct to C$162.23 in morning trade; best day since Feb. 2015

** Co reports Q3 adj. EPS of C$3.47, beating analysts’ avg est of C$2.85/shr, according to IBES data from Refinitiv

** Same-store sales growth of 2.5 pct in the qtr also beats estimates

** Despite Thursday’s early gains, stock down 1 pct this year (Reporting by Debroop Roy in Bengaluru)

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