Thomson Reuters (NYSE:TRI) reported Q1 EPS of $0.66, $0.06 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.67 billion versus the consensus estimate of $1.66 billion.
Strong revenue and sales growth continued in the first quarter
Total company revenue up 6% / organic revenue up 7%
Organic revenue up 7% for the "Big 3" (Legal Professionals, Corporates and Tax & Accounting Professionals)
Raised full-year 2022 revenue guidance:
- Total company revenue forecast increased to approximately 5.5% from approximately 5.0%
- "Big 3" segments revenue forecast increased to approximately 6.5% from a range of 6.0% - 6.5%
- No other changes to full-year 2022 outlook, reaffirmed full-year 2023 outlook
- Change Program on track - $305 million run-rate operating expense savings at quarter-end