Thomson Reuters profit beats, currency weighs on revenue

REUTERS - Thomson Reuters Corp on Wednesday reported a higher-than-expected quarterly profit even as currency weighed on its revenues.

The news and information company said second-quarter net earnings were $281 million, or 33 cents per share, compared with $260 million, or 31 cents per share, a year ago.

Adjusted for special items, earnings were 52 cents per share. Analysts on average were looking for 50 cents per share, according to Thomson Reuters I/B/E/S.

Revenue fell 4 percent to $3.04 billion. Factoring out currency swings and acquisitions, organic revenue rose 2 percent.

In its Financial & Risk business, Thomson Reuters' largest division which caters to banks and other financial institutions, organic revenue rose 1 percent.

 

The company said it continues to expect positive organic revenue growth for 2015.

(Reporting by Lewis Krauskopf in New York; Editing by Alden Bentley and Nick Zieminski)