Thomson Reuters Corporation (TRI Quick QuoteTRI - Free Report) , is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare.

The company has an outstanding earnings track record, and has delivered an average positive earnings surprise of 8.93% in the last four trailing quarters, beating estimates all through.  

Earnings: Earnings beat. Thomson Reuters reported adjusted earnings (excluding fourth-quarter charges) per share (EPS) of 60 cents, which beat the Zacks Consensus Estimate called for EPS of 58 cents.

Revenues: Revenues Missed. Thomson Reuters generated revenue of $2,860 million, missing the Zacks Consensus Estimate of $2,897 million.

Key Events: During the quarter, Thomson Reuters repurchased 10.7 million shares for roughly $441 million. For full year 2017, the company expects adjusted EPS of $2.35.

Zacks Rank: Currently, Thomson Reuters carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.

Stock Price: TRI’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on Thomson Reuters’s earnings report!

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