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Thomson Reuters (TRI) Beats on Q4 Earnings, Revenues Miss

Thomson Reuters CorporationTRI , provider of information related to financial & risk, legal, tax & accounting, and intellectual property & science, came out with fourth-quarter 2015 results, wherein adjusted earnings of 65 cents a share surpassed the Zacks Consensus Estimate of 58 cents and also increased 51.2% year over year.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has remained unchanged over the last 30 days. Thomson Reuters's performance in the trailing four quarters (including the quarter under review) gives a positive picture, with an average surprise of 5.5%.

Revenues: Thomson Reuters generated revenue of $3,148 million, missing the Zacks Consensus Estimate of $3,162 million. Moreover, revenue slipped 2% year over year, bearing the brunt of currency headwinds. The company expects low single digit revenue growth in 2016.

Key Events: During the quarter, Thomson Reuters repurchased 4.3 million shares for roughly $167 million. In 2015, the company has repurchased 35.9 million shares for approximately $1.42 billion. The company's board of directors increased annualized divided by 2 cents to $1.36 per share. The company also declared a quarterly dividend of 34 cents per share to be paid on March 15, 2016 to stockholders of record on February 23, 2016.

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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