Thomson Reuters Corporation TRI, provider of information related to financial & risk, legal, tax & accounting, and intellectual property & science, came out with first-quarter 2016 results, wherein adjusted earnings of 48 cents a share surpassed the Zacks Consensus Estimate of 44 cents and also increased 23% year over year.Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has witnessed upward revision over the last 30 days. Thomson Reuters’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average surprise of 5.5%.Revenues: Thomson Reuters generated revenue of $2,793 million, missing the Zacks Consensus Estimate of $2,871 million. Moreover, revenue slipped 1% year over year, bearing the brunt of currency headwinds. The company expects low single digit revenue growth in 2016.Key Events: During the quarter, Thomson Reuters repurchased 11.7 million shares for roughly $432 million. In 2015, the company has repurchased 35.9 million shares for approximately $1.42 billion. In February, the company’s board of directors increased annualized divided by 2 cents to $1.36 per share. The company also declared a quarterly dividend of 34 cents per share to be paid on June 15, 2016 to stockholders of record on May 19, 2016.Zacks Rank: Currently, Thomson Reuters carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report THOMSON REUTERS (TRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research