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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
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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

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