Thomson Reuters (NYSE: TRI) reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Thomson Reuters beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share improved significantly.

Gross margins shrank, operating margins dropped, net margins grew.

Revenue details
Thomson Reuters notched revenue of $3.19 billion. The 11 analysts polled by S&P Capital IQ wanted to see a top line of $3.13 billion on the same basis. GAAP reported sales were 0.7% higher than the prior-year quarter's $3.33 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.44. The eight earnings estimates compiled by S&P Capital IQ forecast $0.41 per share. GAAP EPS of $0.38 for Q1 were 27% higher than the prior-year quarter's $0.30 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 23.9%, 270 basis points worse than the prior-year quarter. Operating margin was 11.5%, 270 basis points worse than the prior-year quarter. Net margin was 9.4%, 190 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.21 billion. On the bottom line, the average EPS estimate is $0.51.

Next year's average estimate for revenue is $13.00 billion. The average EPS estimate is $2.04.

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