Thomson Reuters Corp.'s (TRI.TO: Quote,TRI: Quote) second-quarter earnings attributable to common shareholders grew to $922 million or $1.11 per share from last year's $563 million or $0.67 per share.
Adjusted earnings from continuing operations were $449 million or $0.54 per share, compared with $429 million or $0.51 per share in the 2011 second quarter. The company attributed this increase primarily to the elimination of integration expenses and a lower tax rate which were partly offset by lower underlying operating profit. Foreign exchange had a $0.01 negative impact on adjusted earnings per share.
On an IFRS basis, revenues decreased 4% to $3.31 billion from $3.45 billion, while non-IFRS revenues from ongoing businesses edged up to $3.19 billion from $3.16 billion in the prior-year period. Analysts estimated revenues of $3.21 billion for the quarter.
Further, Thomson Reuters reaffirmed its business outlook for 2012, still expecting its revenues to grow low single-digits.
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by RTT Staff Writer
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