Thomson Reuters Q1 Profit Rises - Quick Facts

(RTTNews) - Thomson Reuters (TRI, TRI.TO) reported first-quarter net income to shareholders of $305 billion, or $0.38 per share, compared to $282 million or $0.34 per share in the prior year.

Underlying operating profit for the quarter dropped to $515 million from $528 million in the year ago quarter. Adjusted earnings per share for the latest first quarter were $0.44, down from $0.46 in the prior-year period. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.45 for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased 3% to $3.04 billion from $3.13 billion in the comparable quarter last year. Analysts expected revenue of $3.04 billion for the quarter.

In February 2015, Thomson Reuters board of directors approved a $0.02 per share annualized increase in the dividend to $1.34 per share. A quarterly dividend of $0.335 per share is payable on June 15, 2015 to common shareholders of record as of May 21, 2015.

Thomson Reuters continues to expect positive organic revenue growth for 2015.