Thomson Reuters Q2 Profit Rises; Backs 2015 Outlook - Quick Facts

(RTTNews) - Thomson Reuters Corp. (TRI, TRI.TO) reported that second-quarter net earnings to shareholders grew to $262 million or $0.33 per share from $249 million or $0.31 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $410 million or $0.52 per share, compared to $415 million or $0.51 per share in the year-ago quarter. Excluding the impact of currency, adjusted earnings per share was $0.07 better than the prior-year quarter.

On average, 17analysts polled by Thomson Reuters expected the company to report earnings of $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter declined 4 percent to $3.04 billion from $3.16 billion in the same quarter last year. Analysts expected revenue of $3.07 billion for the quarter. The negative impact of foreign currency reduced revenues by 6 percent. Organic revenues grew 2 percent.

Thomson Reuters reaffirmed its full-year business outlook for 2015. The company continues to expect positive organic revenue growth for 2015. Street is currently looking for full-year 2015 revenues of $12.37 billion.

James Smith, CEO of Thomson Reuters, said: "Our results are in line with our full-year expectations, and on a pre-currency basis, each of our four operating units reported growth for the first time in more than three years."