Thomson Reuters (TRI) Tops Q3 EPS by 8c

Thomson Reuters (NYSE: TRI) reported Q3 EPS of $0.46, $0.08 better than the analyst estimate of $0.38. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.5 billion.

Raised full-year 2021 revenue guidance:

• Total company revenue forecast increased to 4.5% - 5.0% from 4.0% - 4.5%
• "Big 3" segments revenue forecast increased to approximately 6.0% from 5.5% - 6.0%
• Raised full-year 2021 free cash flow guidance to approximately $1.2 billion from $1.1 - $1.2 billion
• Reaffirmed full-year 2022 and 2023 guidance, with minor adjustments to 2022 Change Program spend

For earnings history and earnings-related data on Thomson Reuters (TRI) click here.

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