Thomson Reuters Discloses Positive Financial Results for Q4 and Full Year

Thomson Reuters (NYSE: TRI) has reported its financial metrics for fourth ‎quarter and full year ending December 31, 2017, which showed continued progress across key areas and performance metrics, according to a Thomson Reuters statement.

Discover credible partners and premium clients at China’s leading finance event!‎

For Q4 2017, Thomson Reuters revealed that revenues were mostly flat ‎when weighed against their 2016 equivalent, coming in at $2.94 billion, a ‎gain of 3.0 percent year-on-year from $2.86 billion in the same period a year back.

Taking a full-year prospective, overall revenues took a step forward at ‎Thomson Reuters in 2017 compared to the year prior. In particular, ‎Thomson Reuters saw a total revenue of $11.3 billion, a slight ‎increase of 1 percent year-on-year from $11.2 billion in 2016.‎

By geography, revenues were up 2 percent in the Americas, unchanged in ‎Europe, Middle East and Africa (EMEA), and down 1 percent in Asia Pacific. ‎

In terms of Thomson Reuters’ operating profits for Q4 2017, the figure ‎reflected a strong performance, having yielded a profit of $445 million – ‎this represents a jump of 51 percent year-on-year from $294 million in Q4 ‎‎2016. ‎

Growth in revenues was due to increased proceeds from Tradeweb and ‎contributions from acquisitions, partially offset by the impact of lower ‎foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trading revenues.‎

A notable area of weakness for the quarter was Thomson Reuters’ diluted ‎earnings per share (EPS), which declined to $0.81 in Q4 2017, down 73 ‎percent year-on-year from $3.03 in Q4 2016. ‎

The New York-headquartered organization attributed the decrease primarily ‎to the last year’s $2.0 billion gain from the sale of the IP & Science ‎business. The company said that its 2017 earnings reflected $304 ‎million of tax benefits from the enactment of the US tax reforms.‎

Excluding fourth-quarter charges, including the gain and tax benefit, ‎adjusted EPS was $0.60 compared to $0.31 per share in the prior-year ‎period.‎ Across the full year interval, operating profit grew 26 percent to $1.75 billion ‎compared to $1.39 billion in 2016. ‎

Jim Smith, CEO of Thomson Reuters, ‎commented: “Our 2017 fourth-quarter and full-year results show ‎continued progress in key areas. Moving forward, we remain extremely ‎excited about the future prospects for F&R through our strategic ‎partnership with Blackstone, and our renewed focus to accelerate ‎growth in the core businesses of Thomson Reuters. Our ability to ‎capitalize on opportunities at the intersection of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term and ‎commerce has never been stronger.”‎