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Thomson Reuters (TRI) Beats Both Q1 Earnings and Revenues

Zacks Equity Research
Updated

Thomson Reuters Corporation TRI, is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare.

The company has an outstanding earnings track record, and has delivered an average positive earnings surprise of 6.77% in the last four trailing quarters, beating estimates all through.  

Earnings: Earnings beat. Thomson Reuters reported adjusted earnings per share (EPS) of 63 cents, which beat the Zacks Consensus Estimate called for EPS of 53 cents.

Thomson Reuters Corp Price and EPS Surprise

 

Thomson Reuters Corp Price and EPS Surprise | Thomson Reuters Corp Quote

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Revenues: Revenues beat. Thomson Reuters generated revenue of $2,815 million, which beat the Zacks Consensus Estimate of $2,800 million.

Key Stats to Note: The company reaffirmed its outlook for 2017. For full year 2017, it expects low single-digit revenue growth, whlie adjusted EPS is likely to be around $2.35. Adjusted EBITDA margin is expected in the range 28.8% −29.8%, while free cash flow is expected to be between $0.9 billion −$1.2 billion.

Zacks Rank: Currently, Thomson Reuters carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement.

Stock Price: TRI’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on Thomson Reuters’s earnings report!

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Thomson Reuters Corp (TRI): Free Stock Analysis Report
 
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Zacks Investment Research