Categories: OLD Media Moves

Thomson Reuters reports better-than-expected earnings

Thomson Reuters, the parent company of the Reuters financial news service, reported first-quarter earnings that were higher than Wall Street expectations.

Jessica Toonkel of Reuters reports, “Thomson Reuters’ first-quarter net earnings were $314 million or 41 cents per share, up from $272 million or 34 cents per share a year ago.

“Adjusted for special items, earnings were 63 cents per share, beating estimates by 10 cents, according to Thomson Reuters I/B/E/S.

“Revenue increased 1 percent when currency changes were factored in to $2.82 billion from a year earlier, also ahead of estimates.

“The company reaffirmed its forecast for the year of a low-single digit sales increase.

“Its biggest segment, Financial & Risk, which provides news and analytics to financial services companies, saw revenue of $1.5 billion, up 1 percent.”

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.