Thomson Reuters Beats Q3 Earnings Estimates

Thomson Reuters (TRI) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 16.33%. A quarter ago, it was expected that this news and financial information company would post earnings of $0.53 per share when it actually produced earnings of $0.60, delivering a surprise of 13.21%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Thomson Reuters, which belongs to the Zacks Technology Services industry, posted revenues of $1.57 billion for the quarter ended September 2022, missing the Zacks Consensus Estimate by 0.74%. This compares to year-ago revenues of $1.53 billion. The company has topped consensus revenue estimates two times over the last four quarters.