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Thomson Reuters Q2 2014 Revenues Up 1%

Revenues from ongoing businesses grew 1% before currency to $3.2 billion.  Adjusted EBITDA grew 2% to $877 million with a margin of 27.8%, up 20 basis points from the prior-year period.  Excluding charges from both periods, adjusted EBITDA margin was 28.7%, up 80 basis points from the prior-year period

Underlying operating profit grew 2% to $581 million with a margin of 18.4%, up 10 basis points from the prior-year period.  Excluding charges from both periods, underlying operating profit margin was 19.3%, up 70 basis points from the prior-year period

Adjusted earnings per share were $0.51 versus $0.48 in the prior-year period

“Our second-quarter results build upon the good start to the year and are consistent with our full-year expectations,” said James C. Smith, chief executive officer of Thomson Reuters. “The actions we are taking are building a platform for sustainable growth, and we will continue to simplify our organization and position resources behind the most promising growth opportunities.”

Source:  Finextra.com

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