Thomson Reuters Q3 Profit Down; Backs 2014 Outlook - Quick Facts

(RTTNews) - Thomson Reuters Corp. (TRI, TRI.TO) reported that its third-quarter 2014 earnings attributable to common shareholders declined to $231 million from last year's $271 million, with earnings per share decreasing to $0.28 from $0.33 in the same quarter last year.

Underlying operating profit for the quarter dropped to $530 million from $548 million in the year ago quarter. Adjusted earnings per share were $0.45 down from $0.48 in the prior-year period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.

But, revenues for the quarter rose to $3.107 billion from $3.086 billion last year. Wall Street analysts had a consensus revenue estimate of $3.10 billion.

The company reaffirmed its full-year business outlook for 2014 which was previously communicated in February 2014. The company continues to expect revenues to be comparable to 2013;adjusted EBITDA margin to range between 26% and 27%; underlying operating profit margin to range between 17.0% and 18.0%; and free cash flow to range between $1.3 billion and $1.5 billion in 2014.