Thomson Reuters Discloses Positive Financial Results for Q4 and Full Year

Growth in revenues was due to increased proceeds from Tradeweb and ‎‎contributions from acquisitions‎.

Thomson Reuters (NYSE: TRI) has reported its financial metrics for fourth ‎quarter and full year ending December 31, 2017, which showed continued progress across key areas and performance metrics, according to a Thomson Reuters statement.

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For Q4 2017, Thomson Reuters revealed that revenues were mostly flat ‎when weighed against their 2016 equivalent, coming in at $2.94 billion, a ‎gain of 3.0 percent year-on-year from $2.86 billion in the same period a year back.

Taking a full-year prospective, overall revenues took a step forward at ‎Thomson Reuters in 2017 compared to the year prior. In particular, ‎Thomson Reuters saw a total revenue of $11.3 billion, a slight ‎increase of 1 percent year-on-year from $11.2 billion in 2016.‎

By geography, revenues were up 2 percent in the Americas, unchanged in ‎Europe, Middle East and Africa (EMEA), and down 1 percent in Asia Pacific. ‎

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In terms of Thomson Reuters’ operating profits for Q4 2017, the figure ‎reflected a strong performance, having yielded a profit of $445 million – ‎this represents a jump of 51 percent year-on-year from $294 million in Q4 ‎‎2016. ‎

Growth in revenues was due to increased proceeds from Tradeweb and ‎contributions from acquisitions, partially offset by the impact of lower ‎foreign exchange trading revenues.‎

A notable area of weakness for the quarter was Thomson Reuters’ diluted ‎earnings per share (EPS), which declined to $0.81 in Q4 2017, down 73 ‎percent year-on-year from $3.03 in Q4 2016. ‎

The New York-headquartered organization attributed the decrease primarily ‎to the last year’s $2.0 billion gain from the sale of the IP & Science ‎business. The company said that its 2017 earnings reflected $304 ‎million of tax benefits from the enactment of the US tax reforms.‎

Excluding fourth-quarter charges, including the gain and tax benefit, ‎adjusted EPS was $0.60 compared to $0.31 per share in the prior-year ‎period.‎ Across the full year interval, operating profit grew 26 percent to $1.75 billion ‎compared to $1.39 billion in 2016. ‎

Jim Smith, CEO of Thomson Reuters, ‎commented: “Our 2017 fourth-quarter and full-year results show ‎continued progress in key areas. Moving forward, we remain extremely ‎excited about the future prospects for F&R through our strategic ‎partnership with Blackstone, and our renewed focus to accelerate ‎growth in the core businesses of Thomson Reuters. Our ability to ‎capitalize on opportunities at the intersection of regulation and ‎commerce has never been stronger.”‎

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