Home / Market Update / Thomson Reuters Beats Q3 Earnings Estimates
Thomson Reuters
Thomson Reuters

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.

Check Also

U.S. Producer Prices Rise in May, Dollar Weakens Amid Trade Uncertainty

The latest data from the Bureau of Labor Statistics (BLS) revealed that Producer Prices increased …