Plus   Neg

Thomson Reuters Corporation Q1 adjusted earnings Miss Estimates

Thomson Reuters Corporation (TRI.TO) revealed a profit for its first quarter that climbed from last year.

The company's profit came in at $193 million, or $0.39 per share. This compares with $104 million, or $0.20 per share, in last year's first quarter.

Excluding items, Thomson Reuters Corporation reported adjusted earnings of $239 million or $0.48 per share for the period.

Analysts had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.0% to $1.52 billion from $1.49 billion last year.

Thomson Reuters Corporation earnings at a glance:

-Earnings (Q1): $239 Mln. vs. $181 Mln. last year.
-EPS (Q1): $0.48 vs. $0.36 last year.
-Analysts Estimate: $0.65
-Revenue (Q1): $1.52 Bln vs. $1.49 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT