Revenue Down, Profit Up for Thomson Reuters in 2016 Second Quarter

[kreslik.news]

Thomson Reuters (NYSE: TRI) has reported its financial metrics for Q2 2016 ending June 30, 2016, which were emblematic of higher profits and lagging revenues, according to a Thomson Reuters statement.

For Q2 2016, Thomson Reuters revealed that revenues pointed lower, coming in at $2,769 million, a loss of -1.0 percent YoY from $2,802 million in Q2 2015. This figure was largely influenced by negative impact of U.S. dollar strength and lower recoveries revenues. Excluding exchange rate fluctuations, revenues increased 1%.

By geography, revenues in Asia and the Americas were up 1%, while decreased 5% in Europe, Middle East and Africa (EMEA). ... (read more)