Edition:
United States

Thomson Reuters Reports Q1 Adj. Earnings Of $0.36 Per Share


Wednesday, 8 May 2019 06:30am EDT 

May 8 (Reuters) - Thomson Reuters Corp ::THOMSON REUTERS REPORTS FIRST-QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.36.Q1 IFRS EARNINGS PER SHARE $0.23.REAFFIRMED ITS FULL-YEAR OUTLOOK FOR 2019 AND 2020.Q1 EARNINGS PER SHARE VIEW $0.25 -- REFINITIV IBES DATA.QUARTERLY REVENUE $1.49 BILLION, UP 10 PERCENT AT CONSTANT CURRENCY.SEES FY 2019 REVENUE GROWTH OF 7% - 8.5% BEFORE CURRENCY.CEO JIM SMITH SAYS "OUR TRANSFORMATION INITIATIVES ARE ON TRACK AND WE ARE SEEING GOOD UNDERLYING MARGIN IMPROVEMENT".QUARTERLY LEGAL PROFESSIONALS REVENUES INCREASED 3% TO $594 MILLION AT CONSTANT CURRENCY.SEES FY 2020 REVENUE GROWTH OF 3.5% - 4.5% BEFORE CURRENCY.SEES FY 2019 ADJUSTED EBITDA $1.4 - $1.5 BILLION BEFORE CURRENCY.Q1 REVENUE VIEW $1.50 BILLION -- REFINITIV IBES DATA.QUARTERLY CORPORATES REVENUES INCREASED 8% TO $352 MILLION AT CONSTANT CURRENCY.SEES FY 2019 FREE CASH FLOW $0 - $300 MILLION BEFORE CURRENCY.SEES FY 2020 FREE CASH FLOW $1.0 BILLION - $1.2 BILLION BEFORE CURRENCY.QUARTERLY TAX PROFESSIONALS REVENUES INCREASED 5% TO $222 MILLION AT CONSTANT CURRENCY.SEES FY 2019 CAPITAL EXPENDITURES OF ABOUT 9% OF REVENUE BEFORE CURRENCY.SEES FY 2020 CAPITAL EXPENDITURES OF 7.5% TO 8.0% OF REVENUE BEFORE CURRENCY.SAYS REVENUE UP 8%, DUE TO INCLUSION OF REVENUE PAID BY REFINITIV TO REUTERS NEWS & HIGHER RECURRING REVENUE ACROSS ALL OTHER CUSTOMER SEGMENTS.2019 ORGANIC REVENUE GROWTH IS EXPECTED TO BE 3% - 3.5%.