Edition:
United States

Thomson Reuters Reports Q4 Adj EPS Of $0.20


Tuesday, 26 Feb 2019 06:30am EST 

Feb 26 (Reuters) - Thomson Reuters Corp ::THOMSON REUTERS REPORTS FOURTH-QUARTER AND FULL-YEAR 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.20.Q4 IFRS EARNINGS PER SHARE $6.18.APPROVED A $0.04 PER SHARE ANNUALIZED INCREASE IN DIVIDEND TO $1.44 PER COMMON SHARE.QTRLY REVENUE $1.52 BILLION, UP 9 PERCENT AT CONSTANT CURRENCY.Q4 DILUTED IFRS EPS INCLUDES A $3.4 BILLION GAIN ON SALE OF A 55% INTEREST IN F&R BUSINES.Q4 EARNINGS PER SHARE VIEW $0.06, REVENUE VIEW $1.54 BILLION -- REFINITIV IBES DATA.QTRLY REVENUE FROM LEGAL BUSINESS $599 MILLION, UP 4 PERCENT AT CONSTANT CURRENCY.QTRLY REVENUE FROM TAX BUSINESS $248 MILLION, UP 8 PERCENT AT CONSTANT CURRENCY.IN 2019 EXPECTS REVENUE GROWTH OF 7% - 8.5%, AT CONSTANT CURRENCY.QTRLY REVENUE FROM REUTERS NEWS BUSINESS $155 MILLION.IN 2019 EXPECTS ADJUSTED EBITDA OF $1.4 BILLION - $1.5 BILLION, AT CONSTANT CURRENCY.QTRLY REVENUE FROM CORPORATES BUSINESS $315 MILLION, UP 7 PERCENT AT CONSTANT CURRENCY.QTRLY REVENUE FROM GLOBAL PRINT BUSINESS $203 MILLION, DOWN 4 PERCENT AT CONSTANT CURRENCY.IN 2019 EXPECTS FREE CASH FLOW OF $0 - $300 MILLION , AT CONSTANT CURRENCY.Q4 OPERATING PROFIT DOWN 43% DUE TO COSTS & INVESTMENTS TO REPOSITION THOMSON REUTERS FOLLOWING SEPARATION OF F&R BUSINESS FROM CO.IN 2020 EXPECTS REVENUE GROWTH OF 3.5 - 4.5 PERCENT, AT CONSTANT CURRENCY.SAYS CORPORATE COSTS AT ADJUSTED EBITDA LEVEL WERE $235 MILLION IN QUARTER COMPARED TO $65 MILLION IN PRIOR-YEAR PERIOD.