Thomson Reuters (TRI) Tops Q4 EPS by 2c; $1B Added Buyback
Thomson Reuters (NYSE: TRI) reported Q4 EPS of $0.60, $0.02 better than the analyst estimate of $0.58. Revenue for the quarter came in at $2.86 billion versus the consensus estimate of $2.89 billion.
The company's board of directors approved an additional $1 billion share buyback program and also approved a $0.02 per share annualized increase in the dividend to $1.38.
"2016 was a year of continued progress. I am encouraged by the momentum and the foundation we have built heading into 2017, and we are well positioned to deliver on our commitments," said Jim Smith, president and chief executive officer of Thomson Reuters. "Today's results reflect the clear progress we are making against the objectives we set out three years ago. 2017 is the year we work to accelerate revenue growth. In these uncertain times, customers lean more heavily on trusted partners like Thomson Reuters to help navigate a changing environment – and we are ready to help them."
For earnings history and earnings-related data on Thomson Reuters (TRI) click here.
