Thomson Reuters Q2 revenues up one percentStaff writer ▼ | July 30, 2014
Thomson Reuters reported results for the second quarter ended June 30, 2014. Revenues from ongoing businesses grew 1% before currency to $3.2 billion.
Second quarter Ongoing businesses brought $3.2 billion
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. Company completed $1.0 billion share buyback program announced last October and plans to repurchase up to an additional $1 billion of its shares by the end of 2015 2014 Outlook affirmed.
"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. ■