NEW YORK (TheStreet) -- Shares of Thomson Reuters Corp. (TRI) - Get Thomson Reuters Corporation Report are higher by 2.98% to $38 in late afternoon trading, after the news provider posted an adjusted EBITDA of $877 million, or 51 cents per share for the 2014 second quarter, compared to $858 million, or 48 cents per share for the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings per share of 46 cents for the quarter.
Thomson Reuters' revenue increased to $3.2 billion versus $3.1 billion for the 2013 second quarter. Analysts expected revenue of $3.13 billion.
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Separately, TheStreet Ratings team rates THOMSON-REUTERS CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate THOMSON-REUTERS CORP (TRI) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow."