Thomson Reuters (TRI) Tops Q1 EPS by 4c
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Thomson Reuters Reports First-Quarter 2016 Results
April 26, 2016 6:30 AM EDTNEW YORK, April 26, 2016 /PRNewswire/ --Â Thomson Reuters (TSX / NYSE: TRI) today reported results for the first quarter ended March 31, 2016. The company also re-affirmed its 2016 full-year outlook.
Reported revenues declined 1%. Before currency, revenues grew 1% Excluding recoveries, revenues increased 2% (before currency) Adjusted EBITDA grew 2% to $748 million with a margin of 26.8% vs. 26.0% in the prior-year period. Currency had a 70 basis point favorable impact on the margin Underlying operating profit grew 8% to $498 million with a margin of 17.8% vs. 16.3% in the prior-year period. Currency had a 70 basis point... More