Earnings: Thomson Reuters Revenues Up 11 Percent, Earnings Down

This story was written by Dianne See Morrison.
Thomson Reuters (NASDAQ: TRIN) reported Q2 revenue of $3.4 billion an 11 percent year-over-year increase. Earnings were down at $173 million (22 cents a share) from $377 million (58 cents a share) in the year-earlier period. On a pro forma basis, earnings from ongoing businesses came in at 45 cents a share. Its Markets Division, which includes its Reuters and Thomson units, posted revenue of $2.1 billion, up 12 percent year on year. Its organic growth rate was 7 percent, down from Q1's 9 percent. Still, it hit analyst expectations, which had forecast 7 to 8 percent growth. The company also said that the integration of the two firms was continuing on track, and had achieved a run-rate savings of $490 million as of the end of June 30.

Release | Financial Tables | Webcast




By Dianne See Morrison
  • CBSNews

Comments

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now