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BRIEF-Thomson Reuters Reports Q3 Adjusted Earnings Of $0.39 Per Share

Published 2020-11-03, 06:52 a/m
© Reuters.

Nov 3 (Reuters) - Thomson Reuters Corp TRI.TO :

* Q3 ADJUSTED EARNINGS PER SHARE $0.39

* Q3 IFRS EARNINGS PER SHARE $0.48

* Q3 REVENUE $1,443 MILLION, UP 3% ON CONSTANT CURRENCY BASIS

* Q3 EARNINGS PER SHARE VIEW $0.38, REVENUE VIEW $1.43 BILLION -- REFINITIV IBES DATA

* RAISING FULL-YEAR OUTLOOK FOR ADJUSTED EBITDA MARGIN AND FREE CASH FLOW

* QUARTERLY LEGAL PROFESSIONALS REVENUES INCREASED 4% (3% ORGANIC) TO $636 MILLION AT CONSTANT CURRENCY

* QUARTERLY CORPORATES REVENUES INCREASED 5% (ALL ORGANIC) TO $333 MILLION

* QUARTERLY TAX & ACCOUNTING PROFESSIONALS REVENUES OF $165 MILLION INCREASED 3% (10% ORGANIC) AT CONSTANT CURRENCY

* QUARTERLY REUTERS NEWS REVENUES OF $154 MILLION DECREASED 1% AT CONSTANT CURRENCY

* QUARTERLY GLOBAL PRINT REVENUES DECREASED 7% TO $154 MILLION AT CONSTANT CURRENCY

* CEO STEVE HASKER SAYS "EXCEEDED EACH OF REVENUE GUIDANCE METRICS PREVIOUSLY PROVIDED ON A CONSOLIDATED BASIS AND FOR BIG 3 SEGMENTS"

* SEES FY 2020 TOTAL REVENUE GROWTH OF 1.0% - 2.0% BEFORE CURRENCY

* SEES FY 2020 ORGANIC REVENUE GROWTH OF 0% - 1.0% BEFORE CURRENCY

* FY2020 REVENUE VIEW $5.96 BILLION -- REFINITIV IBES DATA

* SEES FY 2020 ADJUSTED EBITDA MARGIN OF ABOUT 32.0% BEFORE CURRENCY

* SEES FY 2020 FREE CASH FLOW OF ABOUT $1.1 BILLION BEFORE CURRENCY

* SEES FY 2020 CAP EX ABOUT 8.0% - 8.5% OF REVENUE BEFORE CURRENCY

* SEES FY 2020 BIG 3 SEGMENTS TOTAL REVENUE GROWTH OF 3.0% - 4.0% BEFORE CURRENCY

* SEES FY 2020 BIG 3 ORGANIC REVENUE GROWTH OF 3.0% - 4.0% BEFORE CURRENCY

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* SEES FY 2020 BIG 3 ADJUSTED EBITDA MARGIN 37.0% - 38.0% BEFORE CURRENCY

* SAYS NOW EXPECTS REUTERS NEWS FY 2020 REVENUES TO DECLINE BETWEEN 2% AND 4%, BETTER THAN PRIOR ESTIMATE OF DECLINING BETWEEN 4% AND 6%

* QUARTERLY CORPORATE COSTS AT ADJUSTED EBITDA LEVEL WERE $35 MILLION COMPARED TO $102 MILLION IN PRIOR-YEAR PERIOD

* REFINITIV'S Q3 REVENUE WAS $1.62 BILLION, UP 2% BEFORE CURRENCY

* SAYS ALL OF REUTERS EVENTS' IN-PERSON CONFERENCES HAVE BEEN POSTPONED THROUGH END OF 2020

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