Categories: OLD Media Moves

Thomson Reuters reports better-than-expected earnings

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.

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.