Thomson Reuters Corporation Q1 Profit Decreases, misses estimates

Thomson Reuters Corporation (TRI.TO) released earnings for first quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $1.01 billion, or $2.06 per share. This compares with $5.04 billion, or $10.13 per share, in last year's first quarter.

Excluding items, Thomson Reuters Corporation reported adjusted earnings of $322 million or $0.66 per share for the period.

Analysts on average had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.7% to $1.67 billion from $1.58 billion last year.

Thomson Reuters Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $1.01 Bln. vs. $5.04 Bln. last year.
-EPS (Q1): $2.06 vs. $10.13 last year.
-Analyst Estimates: $0.79
-Revenue (Q1): $1.67 Bln vs. $1.58 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT