(Reuters) - News and information company Thomson Reuters Corp on Tuesday reported lower-than-expected first-quarter revenue, hurt by currency fluctuations. Revenue increased 1 percent to $2.79 billion from a year earlier before factoring in currency changes. It fell 1 percent when currency changes were factored into the results.
Analysts on average were expecting revenue of $2.81 billion, according to Thomson Reuters I/B/E/S.
The company said sales of its products to financial customers were up in the quarter.
Thomson Reuters said net income from continuing operations fell to $210 million from $280 million.
The Financial & Risk business, which provides news and analytics to financial services companies, generated revenue of $1.51 billion, or about half of the company's total sales. Sales outpaced cancellations for the eighth straight quarter.
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Thomson Reuters, parent of Reuters News, competes against Bloomberg LP and News Corp's Dow Jones unit for financial customers.
(Reporting by Jessica Toonkel; Editing by Lisa Von Ahn)
