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UPDATE 1-Thomson Reuters third-quarter profit tops forecasts

Published 2015-10-23, 07:02 a/m
© Reuters. UPDATE 1-Thomson Reuters third-quarter profit tops forecasts
NWSA
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TRI
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(Adds analysts consensus, detail on Finance & Risk sales)
By Jessica Toonkel
Oct 23 (Reuters) - Thomson Reuters Corp TRI.N TRI.TO on
Friday reported higher-than-expected quarterly profit even as
revenue dipped, hurt by foreign currency, and the news and
information company reaffirmed its full-year forecast.
Third-quarter net earnings were $293 million, or 36 cents
per share, compared with $250 million, or 28 cents per share, a
year ago.
Adjusted for special items, earnings were 52 cents per
share. Analysts, on average, were looking for 49 cents per
share, according to Thomson Reuters I/B/E/S.
In its Financial & Risk segment, which provides news and
analytics to financial services companies, revenue was $1.51
billion. The division's net sales were positive in all regions
except for Europe, the Middle East and Africa, marking the sixth
consecutive quarter the division has seen positive net sales.
Revenues from ongoing businesses fell 4 percent to $2.98
billion, but rose 1 percent when factoring out currency.
Analysts were expecting $3.04 billion.
Thomson Reuters, which is the parent of Reuters News,
competes for financial customers with Bloomberg LP, as well as
News Corp's NWSA.O Dow Jones unit.

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