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Thomson Reuters (TRI) Beats on Q4 Earnings, Misses Revenues

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Thomson Reuters Corporation (TRI - 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 14.3% in the last four trailing quarters, beating estimates all through.  

Currently, TRI carries a Zacks Rank #5 (Strong Sell), but that could definitely change following fourth-quarter 2017 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below.

Earnings: Earnings beat. TRI reported adjusted earnings per share (EPS) of 60 cents, which beat the Zacks Consensus Estimate of 58 cents.

Thomson Reuters Corp Price and EPS Surprise

Revenues: Revenues missed. Thomson Reuters generated revenue of $2,944 million, which missed the Zacks Consensus Estimate of $2,950 million.

Key Stats to Note: TRI announced that it will release its outlook for 2018 concurrent with its first-quarter 2018 results.

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.

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