Saturday, December 20th0.2°C
24124
23979

Thomson Reuters reports Q2 profit up from year ago, revenue holds steady

NEW YORK, N.Y. - Thomson Reuters (TSX:TRI) reported Wednesday an increase in its quarterly earnings ahead of expectations, as revenue held steady compared with a year ago.

The financial data and information company said it earned a profit of $249 million, or 31 cents per share, for the quarter ended June 30 compared with a profit of $248 million or 30 cents per share a year ago.

Revenue held steady at roughly $3.16 billion.

The company's adjusted profit for the quarter amounted to $415 million or 51 cents per share, up from $403 million or 48 cents per share in the same quarter last year.

The average analyst estimate had been for a profit of 46 cents per share, according to Thomson Reuters.

"Our second-quarter results build upon the good start to the year and are consistent with our full-year expectations," Thomson Reuters chief executive James Smith said in a statement.

"The actions we are taking are building a platform for sustainable growth, and we will continue to simplify our organization and position resources behind the most promising growth opportunities."

Thomson Reuters announced a plan last October to cut about 3,000 jobs mainly in its financial and risk division.

The cuts followed job reductions of about 2,500 announced earlier in the year.

The Canadian Press


Read more Business News

24175


Recent Trending




Today's Market
S&P TSX14468.26+121.51
S&P CDNX676.54+11.04
DJIA17804.8026.65
Nasdaq4765.38+16.983
S&P 5002070.65+9.42
CDN Dollar0.8618+0.0001
Gold1197.20+2.50
Oil56.50+2.39
Lumber336.20-0.70
Natural Gas3.446-0.196

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.03
Cantex0.03-0.005
Anavex Life Sciences0.1726+0.0026
Metalex Ventures0.05-0.005
Russel Metals25.58-0.42
Copper Mountain Mining1.55-0.02
Colorado Resources0.120.00
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.05-0.005
Mission Ready Services0.215-0.01

 
24130


23954

FEATURED Property
2120357600 McKenzie Road
3 bedrooms 3 baths
$439,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


My final thoughts on real estate

This will be the last column I write on real estate. Largely because at the end of the year I will be handing in my license. After 20+ years of working in land development, resort development and rea...


Reflecting on the end of the year

The importance of the end of the year and the Christmas holidays is profound. It is a time to reconnect with family and traditions that have made us who we are. But the year-end has always been a time...


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...

_





24386


Member of BC Press Council


23871