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Thomson Reuters Q2 earnings expected to fall

Thursday 29 August 2013

Thomson Reuters is expected to report lower second quarter earnings on Tuesday. Analysts expect a 19 per cent drop from a year ago, Forbes magazine said on Monday.

The consensus earnings estimate is 44 cents per share, down from 54 cents a year ago. It is down from three months ago when it was 46 cents, but unchanged over the past month. For the fiscal year, analysts are projecting earnings of $1.82 per share.

Analysts look for revenue to decrease five per cent year-over-year to $3.15 billion for the quarter, after $3.31 billion a year ago. For the year, revenue is projected to roll in at $12.70 billion.

Thomson Reuters’ loss in the last quarter followed profits in the previous two quarters. ■

SOURCE
Forbes