Thomson reuters reports q1 adjusted earnings of $0.48 per share
Thomson reuters reports first-quarter 2020 results and updates full-year outlook.q1 adjusted earnings per share $0.48.q1 ifrs earnings per share $0.39.quarterly legal professionals revenues increased 5% (4% organic) to $626 million at constant currency.thomson reuters today updated its full-year outlook for 2020.q1 revenue $1.52 billion , up 3% on constant currency basis.q1 earnings per share view $0.49, revenue view $1.53 billion -- refinitiv ibes data.quarterly corporates revenues increased 7% (5% organic) to $367 million at constant currency.total company revenues for q2 of 2020 are expected to decline between 1% and 2%.quarterly tax & accounting professionals revenues of $218 million were unchanged at constant currency.does not anticipate any changes to its plans to pay annualized dividend.total company organic revenues for q2 2020 are expected to decline between 2% and 3%.says does not anticipate repurchasing more of its shares in near term.quarterly reuters news revenues of $155 million were flat at constant currency.says believes its existing sources of liquidity will be sufficient to fund its projected cash requirements for next 12 months.says in q2, "big 3" segments (legal professionals, corporates, tax & accounting professionals) collectively expected to achieve revenue growth of 2.5%-3.5%.quarterly reuters news organic revenues decreased 4% due to covid-19 related cancellations of events in reuters events business.
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