TORONTO (AP) _ Thomson Reuters Corp. (TRI) on Wednesday reported first-quarter net income of $116 million, after reporting a loss in the same period a year earlier.
The Toronto-based company said it had net income of 23 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were 36 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The news and financial information company posted revenue of $1.49 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.5 billion.
Thomson Reuters shares have increased 26% since the beginning of the year. The stock has risen 42% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRI at https://www.zacks.com/ap/TRI