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Thomson Reuters Beats Q2 Estimates, Raises Full-Year Revenue Outlook
Thomson Reuters (TRI) on Wednesday reported second-quarter financial results that exceeded analyst estimates, driven by strong performance in its main business segments. The company also raised its revenue guidance for the full year, signaling confidence in its growth trajectory.
Quarterly Performance Details
The Toronto-based company announced a 9% increase in second-quarter revenue, reaching $1.95 billion. This figure edged past Wall Street forecasts of approximately $1.9 billion.
Earnings per share, excluding certain items, also came in ahead of expectations.
- Adjusted EPS: 99 cents, compared to analyst estimates of 96 cents.
- Total Revenue: $1.95 billion, a 9% year-over-year increase.
AdUpgraded Forecast and Business Drivers
Thomson Reuters attributed the strong quarter to growth in its three largest divisions: Legal, Corporates, and Tax & Accounting. The company stated these segments were the primary drivers behind the revenue beat.
Reflecting this positive momentum, the company has upgraded its financial outlook. Thomson Reuters now expects full-year organic revenue growth of around 8%, an increase from its previous forecast of between 7.5% and 8%. This upward revision suggests management anticipates sustained demand for its products and services.
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