July 28 (Reuters) - Thomson Reuters TRI.TO :
* Thomson Reuters reports second-quarter 2016 results
* Q2 IFRS earnings per share $0.39
* Re-affirmed its 2016 full-year outlook
* Q2 adjusted earnings per share $0.50
* In 2016 expects adjusted EBITDA margin to range between 27.3 percent and 28.3 percent, before currency
* Quarterly revenue from Financial & Risk business $1.52 billion, down 1 percent before currency
* In 2016 expects free cash flow to range between $1.7 billion and $1.9 billion, before currency
* Quarterly revenue from legal business $846 million, up 1 percent before currency
* CEO James Smith says "we are tracking to our full year target"
* In F&R unit annual price increase & positive net sales trend offset by lower revenue resulting from pricing adjustments and macro-economic conditions
* Quarterly revenue from corporate & other (includes Reuters news) business $79 million, up 7 percent before currency
* Financial & Risk unit transaction volumes were muted in advance of British referendum on June 23 on EU membership
* In 2016 expects low single-digit revenue growth, before currency
* CEO James Smith says in Q2 saw a challenging backdrop and turbulent market conditions for many of co's largest customers
* Quarterly non-IFRS revenue $2.77 billion, flat before currency
* In 2016 expects underlying operating profit margin to range between 18.4 percent and 19.4 percent, before currency
* Says Q2 F&R unit recurring revenue was unchanged versus last year
* Quarterly revenue from tax & accounting business $324 million, up 1 percent before currency
* Q2 earnings per share view $0.49, revenue view $2.83 billion -- Thomson Reuters I/B/E/S
* Plans to use $1 billion of net proceeds from previously announced sale of IP & Science business to buy back shares as part of its existing $1.5 billion program
* Q2 F&R transaction volumes increased significantly on day after Brexit vote as over $480 billion was traded through co's forex platforms on that date
* When co reports results for Q3 2016, it plans to redefine adjusted earnings and adjusted EPS in relation to certain tax computations
* Says redefining adjusted earnings, adjusted earnings per share will not impact its reporting of revenue, adjusted EBITDA, underlying operating profit or free cash flow
* To redefine how co reports adjusted earnings to better align definitions with current market practices & to reflect guidance recently issued by U.S. SEC Source text for Eikon: ID:nCNWLzk48a Further company coverage: TRI.TO