Thomson Reuters (TRI) Tops Q3 EPS by 7c

Thomson Reuters (NYSE: TRI) reported Q3 EPS of $0.27, $0.07 better than the analyst estimate of $0.20. Revenue for the quarter came in at $1.41 billion, versus $1.28 billion reported last year.

"Organic revenue growth of 4% this quarter once again demonstrates our improving trajectory and reflects the success of new AI-powered solutions and solid sales execution from our customer-facing front lines," said Jim Smith, president and CEO of Thomson Reuters. "New products are resonating with customers and helping us improve retention rates, in some cases at historically high levels."

"We are encouraged by our nine-month performance, which positions us to achieve our full-year 2019 and 2020 targets. And, the stronger and more stable characteristics of our overall business model should enable the company to sustain an attractive value creation model for shareholders, one that is driven both by growth and returns."

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

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