Thomson Reuters (TRI) Tops Q3 EPS by 10c, Reaffirms FY Outlook

Thomson Reuters (NYSE: TRI) reported Q3 EPS of $0.68, $0.10 better than the analyst estimate of $0.58. Revenue for the quarter came in at $2.79 billion versus the consensus estimate of $2.82 billion.

GUIDANCE:

Based on the results of the first nine months of the year, the company reaffirmed its full-year outlook, as communicated in August 2017:

• Low single-digit revenue growth
• Adjusted EBITDA margin to range between 29.3% - 30.3%
• Free cash flow to range between $0.9 billion and $1.2 billion, which reflects cash payments in 2017 relating to fourth-quarter 2016 severance charges, the $500 million pension plan contribution made in the first quarter of 2017 and the loss of free cash flow from the sale of the IP & Science business
• Adjusted EPS target of $2.40 - $2.45, which is now forecast to be at the top of this range.

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

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