Thomson Reuters has lower Q1 operating profit and revenues

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TORONTO – Thomson Reuters (TSX:TRI) reports it had a first-quarter operating profit of US$359 million in the first quarter, down eight per cent from US$390 million in the same quarter in 2013.

Earnings per share diluted were 34 cents compared with a loss of four cents year-over-year for the global news and financial information company.

Revenues including discontinued operations were down one per cent to US$3.13 billion from $3.17 billion. Adjusted revenue excluding discontinued operations was up one per cent to $3.129 billion compared with $3.097 billion year-over-year.

Adjusted earnings per share were up 21 per cent to 46 cents versus 38 cents in the prior-year period.

Thomson Reuters said it returned $1.1 billion to shareholders through share repurchases and dividends since its $1-billion share repurchase program was announced in the fourth quarter of 2013.

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