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Adjusted for special items, fourth-quarter net earnings were 65
cents per share, up from 43 cents per share a year ago.
Analysts, on average, were looking for 58 cents per share,
according to Thomson Reuters I/B/E/S.
Quarterly revenue was slightly below estimates, down 2 percent
to $3.15 billion, but would have been up 2 percent when
factoring out currency rates. Analysts had forecast $3.17
billion.
In its Financial & Risk segment, which provides news and
analytics to financial services companies, sales outpaced
cancellations - a key indicator of future growth, marking the
seventh consecutive quarter of positive net sales at the
division. The division's revenue was $1.53 billion, or about
half of total company sales.
Thomson Reuters, the parent of Reuters News, competes for
financial customers with Bloomberg LP, as well as News Corp's <NWSA.O>
Dow Jones Unit.
The company said it plans to buy back about $1.5 billion of its
shares, having largely completed its prior $1 billion buyback
program.
For 2016, the company said it expects 2 to 3 percent revenue
growth, assuming constant currency rates compared with 2015.
The company's forecast excludes revenue from its Intellectual
Property & Sciences business, which it expects to sell in the
second half of this year.
Thomson Reuters announced in November it was exploring strategic
options for the business, which provides intellectual property
and scientific information and associated tools and services to
governments, universities and companies. It had revenue of $1
billion in 2015.
(Reporting By Jessica Toonkel; Editing by Nick Zieminski)
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