Thomson Reuters Corporation Q1 adjusted earnings Miss Estimates

(RTTNews) - Thomson Reuters Corporation (TRI.TO) announced a profit for its first quarter that advanced from the same period last year.

The company's bottom line came in at $172 million, or $0.24 per share. This compares with $145 million, or $0.20 per share, in last year's first quarter.

Excluding items, Thomson Reuters Corporation reported adjusted earnings of $197 million or $0.28 per share for the period.

Analysts had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.8% to $1.38 billion from $1.33 billion last year.

Thomson Reuters Corporation earnings at a glance:

-Earnings (Q1): $197 Mln. vs. $180 Mln. last year. -EPS (Q1): $0.28 vs. $0.25 last year. -Analysts Estimate: $0.65 -Revenue (Q1): $1.38 Bln vs. $1.33 Bln last year.