Tim Hortons Inc. (USA) (NYSE:THI) reported better-than-expected Q3 financial results, with both earnings and revenues topping the consensus of analysts polled by Capital IQ. The restaurant chain said Q3 earnings, excluding non-recurring items, totaled C$0.95 per share, up from C$0.76 per share and better than the C$0.88 consensus estimate. Revenues rose 10.2% year-on-year to C$909.2 million, beating the consensus of C$883.2 million. Systemwide sales climbed 7.5% year-on-year due to same-store sales growth of 3.5% in Canada and 6.8% in the U.S. and thanks to new restaurant development. The company also declared an unchanged quarterly dividend of C$0.32 per share, payable on Dec. 5 to shareholders of record on Nov. 20. Tim Hortons Inc. (USA) (NYSE:THI) shares are trading with a 52-week range of $50.67-$82.16.Vonage Holdings Corp. (NYSE:VG) posted Q3 earnings that blew past expectations, though revenue came up short, and said it agreed to buy Telesphere Networks, a provider of Unified Communications-as-a-Service solutions to larger enterprises in the small and medium business sector, for $114 million in cash and stock. GAAP net income at the cloud computing company was $5 million or $0.02 per share, up from $4 million or $0.02 per share in the year ago quarter.Net income, excluding adjustments, was $14 million or $0.07 per share, up from $9 million or $0.04 per share in the year ago quarter and more than double estimates for $0.03, according to Capital IQ. Revenue was $215 million, up from $204 million in the year ago quarter due to the acquisition and subsequent growth of Vonage Business Solutions. That's below forecasts for $217 million. Under the acquisition agreement, Telesphere shareholders will receive $91 million in cash and approximately 6.86 million shares of Vonage common stock worth about $23 million. Vonage Holdings Corp. (NYSE:VG) also said it now expects 2014 adjusted EBITDA to be in the $117 to $119 million range.Time Warner Inc (NYSE:TWX) Q3 topped estimates, helped by strong subscription revenue from its Turner and HBO divisions. The media and entertainment company said adjusted EPS rose 34% to $1.22 from $0.91. Analysts had been looking for $0.94. On a GAAP basis net income fell to $967 million from $1.18 billion. Diluted income per common share from continuing operations was $1.11 compared with $1.02 a year ago, with the number of shares outstanding in the period dropping to 850.9 million from 916.8 million. Revenues increased 3% to $6.2 billion, ahead of estimates for $6.153. In the quarter, both Turner and HBO had double-digit increases in subscription revenues, reflecting the growing strength and appeal of their programming. Time Warner Inc (NYSE:TWX) shares have a 52-week spread of $58.26 - $88.13.
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