(Corrects paragraph 1 to remove reference to “a drop in earnings from its financial services business”; corrects earnings per share in paragraph four to 88 Canadian cents from 88 cents)
May 14 (Reuters) - Retailer Canadian Tire Corp reported a 3 percent fall in first-quarter profit, hurt by higher taxes.
Net income attributable to the company fell to C$68.5 million ($57.31 million) in the quarter ended April 4 from C$70.6 million a year earlier.
Earnings per share were unchanged at 88 Canadian cents.
The Toronto-based company’s revenue fell 2.3 percent to C$2.51 billion. ($1 = 1.1952 Canadian dollars) (Reporting By Manya Venkatesh in Bengaluru; Editing by Saumyadeb Chakrabarty)