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BRIEF-Thomson Reuters Reports Q2 Adjusted Earnings Per Share Of $0.17

Published 2018-08-08, 06:53 a/m
© Reuters.  BRIEF-Thomson Reuters Reports Q2 Adjusted Earnings Per Share Of $0.17
TRI
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Aug 8 (Reuters) - Thomson Reuters Corp TRI.TO :

* THOMSON REUTERS REPORTS SECOND-QUARTER 2018 RESULTS

* Q2 ADJUSTED EARNINGS PER SHARE $0.17

* REAFFIRMED ITS FULL-YEAR 2018 OUTLOOK PROVIDED ON MAY 11, 2018

* QUARTERLY REVENUE $1.31 BILLION, UP 2 PERCENT AT CONSTANT CURRENCY

* Q2 IFRS EARNINGS PER SHARE $0.88

* QUARTERLY REVENUE FROM LEGAL BUSINESS $882 MILLION, UP 2 PERCENT AT CONSTANT CURRENCY

* Q2 EARNINGS PER SHARE VIEW $0.11, REVENUE VIEW $1.31 BILLION -- THOMSON REUTERS I/B/E/S

* IN 2018 EXPECTS LOW SINGLE-DIGIT REVENUE GROWTH, AT CONSTANT CURRENCY

* QUARTERLY REVENUE FROM TAX & ACCOUNTING BUSINESS $359 MILLION, UP 4 PERCENT AT CONSTANT CURRENCY

* SAYS REPURCHASED 9.1 MILLION SHARES DURING Q2 AT A COST OF $359 MILLION UNDER ITS $1.5 BILLION BUYBACK PROGRAM, WHICH IS BEING EFFECTED UNDER NCIB

* SAYS IN 2018 EXPECTS ADJUSTED EBITDA TO RANGE BETWEEN $1.2 BILLION - $1.3 BILLION, AT CONSTANT CURRENCY

* QUARTERLY REVENUE FROM REUTERS NEWS BUSINESS $72 MILLION, DOWN 5 PERCENT AT CONSTANT CURRENCY

* SAYS IN 2018 EXPECTS TOTAL CORPORATE COSTS BETWEEN $500 MILLION AND $600 MILLION, AT CONSTANT CURRENCY

* SAYS CURRENTLY EXPECTS TO USE $9 BILLION TO $10 BILLION OF ESTIMATED $17 BILLION GROSS PROCEEDS OF FINANCIAL & RISK DEAL TO RETURN CAPITAL TO SHAREHOLDERS

* QUARTERLY CORPORATE COSTS AT ADJUSTED EBITDA LEVEL WERE $72 MILLION COMPARED TO $57 MILLION IN PRIOR-YEAR PERIOD

* SAYS IN 2018 EXPECTS CAPITAL EXPENDITURES OF APPROXIMATELY 10 PERCENT OF REVENUES

* Q2 NET EARNINGS INCREASED PRIMARILY BECAUSE F&R ASSETS HELD FOR SALE ARE NOT DEPRECIATED

* Q2 NET EARNINGS ALSO BENEFITTED FROM FAIR VALUE ADJUSTMENTS ASSOCIATED WITH FOREX EMBEDDED IN CERTAIN F&R CUSTOMER CONTRACTS

* FY2018 REVENUE VIEW $5.53 BILLION -- THOMSON REUTERS I/B/E/S

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