Thomson Reuters Q2 Profit Edges Up; Backs 2014 Outlook - Quick Facts

(RTTNews) - Thomson Reuters Corp. (TRI, TRI.TO) reported second-quarter net earnings to shareholders of $249 million or $0.31 per share, edging up from $248 million or $0.30 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $415 million or $0.51 per share. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $0.46 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter remained flat with last year at $3.16 billion. Revenues from ongoing businesses increased 2 percent to $3.16 billion from $3.11 billion. Analysts expected revenue of $3.13 billion for the quarter.

Thomson Reuters reaffirmed its full-year business outlook for 2014. The company continues to expect revenues to be comparable to 2013. Street is currently looking for full-year 2014 revenues of $12.66 billion.

James Smith, CEO of Thomson Reuters, said: "Our second-quarter results build upon the good start to the year and are consistent with our full-year expectations."