CORRECTED - UPDATE 2-Canadian Tire profit falls on higher spending


(Corrects first bullet point to show diluted EPS, not basic) * Q2 2011 EPS C$1.29 vs C$1.50 in Q2 2010 * Profit missed C$1.45 estimate, according to I/B/E/S * Revenue up 4 pct to C$2.57 bln * Spending on promotions, infrastructure holds back profit TORONTO, Aug 11 (Reuters) - Canadian Tire Corp's profit fell 14 percent on Thursday, missing market estimates, as the retailer spent more on promotions and invested in infrastructure. Profit at the company, whose flagship Canadian Tire ...

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