Thomson Reuters Reports Q3 Metrics, Revenues Edge Higher by 1%

Thomson Reuters reported its third-quarter operating metrics for the month ending September 30, 2014, underscored by mixed results, which included a waning profit margin of -11% in Q3.

Thomson Reuters recently posted September metrics that showed soaring FX volumes to the tune of 35% MoM growth, helping to allay lackluster volumes during a downtrodden year.

In terms of the Q3 figures, revenues from ongoing businesses edged higher by just 1% YoY before currency to $3,107 million. This compared to a -3% loss of adjusted EBITDA ($822 million in Q3 2014 vs. $845 in Q3 2013) and underlying operating profits ($530 million in Q3 2014 vs. $548 million in Q3 2013).

Finally, revenues from ongoing businesses came in at $3,107 million in Q3 2014, compared to $3,074 million in Q3 2013, constituting a 1% growth YoY.

According to James C. Smith, Chief Executive Officer of Thomson Reuters, in a recent statement on the metrics, "I am pleased to report yet another quarter of results in line with expectations, building on our first-half momentum. It is particularly encouraging to see sales trends continue to improve in both our financial and legal businesses alongside consistent strong performance from our other units. We are delivering on our overarching objective: Building a platform for higher, more sustainable and more profitable future growth."