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Thomson Reuters (TRI) Beats on Q3 Earnings, Revenues Miss

Thomson Reuters CorporationTRI , provider of information related to financial & risk, legal, tax & accounting, and intellectual property & science, came out with third-quarter 2015 results, wherein adjusted earnings of 52 cents a share surpassed the Zacks Consensus Estimate of 48 cents.

Moreover, the bottom line increased 16% from the year-ago period. In light of the third-quarter results, the company reiterated its guidance for 2015, where it expects organic revenues to increase, adjusted EBITDA margin to lie in the band of 27.5%- 28.5%, underlying operating profit margin to come in the a 18.5% - 19.5% range and free cash flow to range from $1.6 -$1.8 billion.

Revenues: Thomson Reuters generated revenue of $2,979 million, missing the Zacks Consensus Estimate of $3,023 million. Moreover, revenue slipped 4% year over year, bearing the brunt of currency headwinds.

Key Events: During the quarter, Thomson Reuters repurchased 14.4 million shares for roughly $550 million. So, far this year the company has repurchased 31.7 million shares for approximately $1.25 billion.

Zacks Rank: Currently, Thomson Reuters carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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