Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Thomson Reuters Q2 adj earnings $0.52/share

Published 2015-07-29, 07:12 a/m
BRIEF-Thomson Reuters Q2 adj earnings $0.52/share
TRI
-

July 29 (Reuters) - Thomson Reuters Corp TRI.TO :
* Reports second-quarter 2015 results
* Says company also re-affirmed its full-year 2015 outlook.
* Says reported revenues were down 4% as the negative impact of foreign
currency reduced revenues by 6%
* Qtrly revenues grew 2% before currency
* Q2 adjusted EPS $0.52
* Q2 IFRS earnings per share $0.33
* Q2 revenue from financial and risk business $1.55 billion, up 1 percent
before currency
* Q2 revenue from ongoing business $3.04 billion versus $3.16 billion
* Q2 earnings per share view $0.50, revenue view $3.07 billion -- Thomson
Reuters I/B/E/S
* FY earnings per share view $2.01, revenue view $12.37 billion -- Thomson
Reuters I/B/E/S
* For 2015 expects positive organic revenue growth before currency
* Q2 revenue from legal business $840 million, up 2 percent before currency
* For 2015 expects adjusted EBITDA margin to range between 27.5% and 28.5%
before currency
* For 2015 expects underlying operating profit margin to range between 18.5%
and 19.5% before currency
* Q2 Reuters news revenues were $74 million, up 1% compared to the prior-year
period
* For 2015 expects free cash flow to range between $1.550 billion and $1.750
billion before currency
* Says continues to believe that currency is likely to have a higher-than-usual
impact on its results in 2015
* Q2 revenue from tax and accounting $327 million, up 6 percent before currency
* CEO James Smith "On A Pre-currency basis,each of our four operating units
reported growth for the first time in more than three years"
* Q2 revenue from intellectual property and science $248 million, up 1 percent
before currency
* Q2 financial & risk transactions revenues up 3% due to increased fixed income
revenues and growth in beta systems transaction business
* Says repurchased about 2.6 million shares at a cost of about $101 million
under the new buyback program through June 30, 2015
* Says Q2 f&r recurring revenues increased 1% (all organic) due to an annual
price increase

* Source text for Eikon ID:nPn12kpKg
* Further company coverage TRI.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.