Tim Hortons 1st-Q results fall short; management shuffled

OAKVILLE Ontario Citing bad weather and earlier observation of Easter, bakery-cafe chain Tim Hortons Inc. reported first quarter results on Thursday that fell below both company and analyst expectations. The company also said Thursday that it had "streamlined" its management.

For the first quarter ended March 30, the company posted net income of $61.8 million Canadian ($60.5 million U.S.), or 33 cents a share, compared with $59.3 million Canadian ($51.4 million U

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