Thomson Reuters Sees Mixed Q1 Financials, Cash Flow on Hand Explodes
Posted: Mon Apr 25, 2016 6:26 pm
Thomson Reuters (NYSE:TRI) has reported its Q1 2016 operating figures, which were generally lower across the board relative to their 2015 counterpart – the one saving grace was an influx of cash flow from its operations, which secured a virtual groundswell in 2016, according to a Thomson Reuters statement.
In terms of its revenues, Thomson Reuters disclosed a figure of $2.79 billion in Q1 2016, which was good for a YoY decline of roughly -1.0% from $2.82 billion in Q1 2015. In addition, operating profits also took a tumble, falling to $310.0 million in Q1 2016, vs. $362.0 million in Q1 ... (read more)