Thomson Reuters Corp on Thursday reported flat quarterly revenue excluding currency effects and reaffirmed its full-year sales outlook.

The news and information company reported second quarter net earnings of $350-million (U.S.), or 45 cents per share, compared with $281-million or 33 cents per share, a year ago.

Adjusted for special items, earnings were 50 cents per share.

Analysts on average, were looking for 49 cents per share, according to Thomson Reuters I/B/E/S.

The company reaffirmed its forecast of positive organic revenue growth for the year.

Sales in the Financial & Risk division, which accounted for about half of the company’s total revenue, outpaced cancellations for the ninth straight quarter. Financial & Risk, which provides news and analytics to financial services companies, saw revenue fall 2 per cent to $1.52-billion as more companies that distribute content through Thomson Reuters opted to bill customers directly.

Thomson Reuters’ total revenues were flat from a year earlier at $2.77-billion before currency, but fell 1 per cent when currency changes were factored into the results. Analysts on average estimated $2.83-billion in revenue, according to Thomson Reuters I/B/E/S.

Thomson Reuters, which is the parent of Reuters News, competes for financial customers with Bloomberg LP, as well as News Corp’s Dow Jones unit.