Categories: OLD Media Moves

Thomson Reuters reports better-than-expected earnings

Thomson Reuters Corp., the parent of the Reuters financial news service, reported earnings Friday that beat expectations despite a drop in revenue.

Jessica Toonkel of Reuters reports, “Third-quarter net earnings were $293 million, or 36 cents per share, compared with $250 million, or 28 cents per share, a year ago.

“Adjusted for special items, earnings were 52 cents per share. Analysts, on average, were looking for 49 cents per share, according to Thomson Reuters I/B/E/S.

“In its Financial & Risk segment, which provides news and analytics to financial services companies, revenue was $1.51 billion. The division’s net sales were positive in all regions except for Europe, the Middle East and Africa, marking the sixth consecutive quarter the division has seen positive net sales.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.