Thomson Reuters (NYSE: TRI) reported Q4 EPS of $0.20, $0.38 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $2.95 billion.

• Diluted earnings per share (EPS) was $6.18 compared to $0.81 in the prior-year period, primarily due to a $3.4 billion gain on the sale of a 55% interest in the F&R business, which was reported within discontinued operations, as well as lower shares outstanding as a result of shares repurchased with some of the F&R transaction proceeds and a related share consolidation.
  • Adjusted EPS, which excludes discontinued operations among other items, was $0.20 compared to $0.22 in the prior-year period, primarily due to the same factors that affected Operating Profit, however these factors were mitigated by the impact of share repurchases and lower interest expense.

"It was encouraging to see our positive momentum continue through the fourth quarter," said Jim Smith, president and CEO of Thomson Reuters. "With the solid close to an eventful year, we enter 2019 with a 'new' Thomson Reuters superbly positioned to build on the improved organic revenue growth rate we achieved in 2018. The financial services partnership with Blackstone is up and running smoothly, and our management team is now focused on accelerating the leading positions we hold in our core markets."

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