Thomson Reuters (TRI) Tops Q1 EPS by 10c; Reaffirms

Thomson Reuters (NYSE: TRI) reported Q1 EPS of $0.63, $0.10 better than the analyst estimate of $0.53. Revenue for the quarter came in at $2.82 billion versus the consensus estimate of $2.8 billion.

• Reported revenues were up 1%, compared to down 1% in the prior-year period
  • Before currency, revenues were up 2%, compared to up 1% in the prior-year period
• Operating profit increased 43%, from $310 million to $444 million
  • Adjusted EBITDA increased 17%, with the margin increasing 430 basis points to 31.1%
• Diluted earnings per share (EPS) was $0.41, an increase of 21%, or $0.07 per share
  • Adjusted EPS was $0.63, an increase of 37%, or $0.17 per share
• The company repurchased 6.8 million shares at a cost of $284 million
• The company re-affirmed its 2017 full-year outlook

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

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