Thomson Reuters Reports Q3 Metrics, FX Contributes to Downtrodden Revenues

Thomson Reuters (NYSE: TRI) has reported its operating metrics for Q3 2015 ending September 30, 2015, which were emblematic of lagging revenues dictated by 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 (FX), according to a Thomson Reuters statement.

For Q3 2015, Thomson Reuters revealed revenues that were pointed lower, which came in at $2.98 billion, corresponding to a loss of -4.1% YoY from $3.1 billion in Q3 2014. This figure was largely influenced by negative foreign currency revenues, which offset the overall figure by as much as 5%.

In terms of Thomson Reuters’ Operating Profits for Q3 2015, the figure was even weaker, having yielded a profit of just $419 million – this represents a loss of -10.1% YoY from $466 million in Q3 2014.

One area of strength for the quarter was Thomson Reuters’ Diluted earnings per share (EPS), which orchestrated a rise up to $0.36 in Q3 2015, up 28.6% YoY from $0.28 in Q3 2014.

In addition, Thomson Reuters’ adjusted EBITDA grew by a factor of 1.9% YoY to $838 million from $822 million in Q3 2014. Meanwhile, its margin increased to 28.1% in Q3 2015 vs. 26.5% in Q3 2014, up a staunch 160 basis points.

According to James C. Smith, President and Chief Executive Officer (CEO) of Thomson Reuters, in a recent statement on the quarterly metrics, “I am pleased to report another quarter of steady progress. I am encouraged by the way we continue to execute against our key priorities, by the progress towards our financial targets and especially by the underlying performance of our subscription revenues.”

Earlier this month, Thomson Reuters announced the group’s latest FX trading figures for the month of September 2015, which showed a tepid growth over the previous month. In terms of specifics, the total average daily volume (ADV) of FX trading across its platforms (including Matching and FXall) in September totaled $365 billion.

Thomson Reuters (NYSE: TRI) share prices have also been on the uptick as of late, treading close to a 52-week high of $42.64. At the time of writing, the stock is trading at $42.24 ahead of the US open on Friday.