Thomson Reuters Corp. on Wednesday reported a higher-than-expected quarterly profit even as currency weighed on its revenues.
Lewis Krauskoph of Reuters writes, “The news and information company said second-quarter net earnings were $281 million, or 33 cents per share, compared with $260 million, or 31 cents per share, a year ago.
“Adjusted for special items, earnings were 52 cents per share. Analysts on average were looking for 50 cents per share, according to Thomson Reuters I/B/E/S.
“Revenue fell 4 percent to $3.04 billion. Factoring out currency swings and acquisitions, organic revenue rose 2 percent.
“In its Financial & Risk business, Thomson Reuters’ largest division which caters to banks and other financial institutions, organic revenue rose 1 percent.”
Read more here.
