Thomson Reuters Earnings: Everything You Must Know Now
Thomson Reuters Corporation (NYSE:TRI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Thomson Reuters Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 13.64% to $0.38 in the quarter versus EPS of $0.44 in the year-earlier quarter.
Revenue: Decreased 5.34% to $3.18 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Thomson Reuters Corporation reported adjusted EPS income of $0.38 per share. By that measure, the company beat the mean analyst estimate of $0.32. It beat the average revenue estimate of $3.15 billion.
Quoting Management: “The first-quarter performance was consistent with our full-year expectations and I am pleased with the positive trajectory of the business as we begin the year,” said James C. Smith, chief executive officer of Thomson Reuters.
Key Stats (on next page)…
Revenue decreased 6.59% from $3.4 billion in the previous quarter. EPS decreased 36.67% from $0.60 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.54 to a profit $0.47. For the current year, the average estimate has moved down from a profit of $2.11 to a profit of $1.82 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)