Thomson Reuters (TRI) Tops Q2 EPS by 5c; Reaffirms FY 2014 Outlook

Thomson Reuters (NYSE: TRI) reported Q2 EPS of $0.51, $0.05 better than the analyst estimate of $0.46. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.13 billion. Adjusted EBITDA grew 2% to $877 million with a margin of 27.8%, up 20 basis points from the prior-year period.

Thomson Reuters reaffirmed FY2014 guidance.

"Our second-quarter results build upon the good start to the year and are consistent with our full-year expectations," said James C. Smith, chief executive officer of Thomson Reuters. "The actions we are taking are building a platform for sustainable growth, and we will continue to simplify our organization and position resources behind the most promising growth opportunities."

For earnings history and earnings-related data on Thomson Reuters (TRI) click here.

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