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BRIEF-Thomson Reuters Reports Q3 IFRS Earnings Per Share Of $0.37

Published 2018-11-06, 06:49 a/m
© Reuters.  BRIEF-Thomson Reuters Reports Q3 IFRS Earnings Per Share Of $0.37
TRI
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Nov 6 (Reuters) - Thomson Reuters Corp TRI.TO :

* THOMSON REUTERS REPORTS THIRD-QUARTER 2018 RESULTS

* Q3 ADJUSTED EARNINGS PER SHARE $0.11

* Q3 IFRS EARNINGS PER SHARE $0.37

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

* QUARTERLY REVENUE $1.29 BILLION, UP 3 PERCENT AT CONSTANT CURRENCY

* THOMSON REUTERS CEO JIM SMITH - ACCELERATING SALES MOMENTUM & STRONG RECURRING REVENUE GROWTH DELIVERED BEST TOP-LINE PERFORMANCE IN MORE THAN 2 YEARS

* Q3 EARNINGS PER SHARE VIEW $0.03, REVENUE VIEW $1.32 BILLION -- THOMSON REUTERS I/B/E/S

* QUARTERLY REVENUE FROM LEGAL BUSINESS $883 MILLION, UP 4 PERCENT AT CONSTANT CURRENCY

* IN 2018, EXPECTS ADJUSTED EBITDA OF APPROXIMATELY $1.3 BILLION (PREVIOUSLY EXPECTED $1.2 BILLION TO $1.3 BILLION), AT CONSTANT CURRENCY

* QUARTERLY REVENUE FROM TAX & ACCOUNTING BUSINESS $341 MILLION, UP 3 PERCENT AT CONSTANT CURRENCY

* QUARTERLY DIVIDEND OF $0.35 PER SHARE IS PAYABLE ON DECEMBER 17, 2018 TO COMMON SHAREHOLDERS OF RECORD AS OF NOVEMBER 15, 2018

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

* QUARTERLY REVENUE FROM REUTERS NEWS BUSINESS $71 MILLION, DOWN 4 PERCENT AT CONSTANT CURRENCY

* IN 2018, EXPECTS DEPRECIATION AND AMORTIZATION OF COMPUTER SOFTWARE BETWEEN $500 MILLION AND $525 MILLION, AT CONSTANT CURRENCY

* IN 2018, EXPECTS CAPITAL EXPENDITURES OF APPROXIMATELY 10% OF REVENUES

* SAYS CORPORATE COSTS AT ADJUSTED EBITDA LEVEL WERE $124 MILLION IN QUARTER COMPARED TO $59 MILLION IN PRIOR-YEAR PERIOD

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