Thomson Reuters Corp on Wednesday reported stronger-than-expected quarterly prof...
NEW YORK - Thomson Reuters Corp on Wednesday reported stronger-than-expected quarterly profit, boosted by demand for information it sells to legal professionals, and reaffirmed its forecast for the rest of this year and 2020.
The news and information provider and parent of Reuters News reported earnings excluding special items of 36 cents per share, compared with 28 cents per share a year ago, helped by lower interest expenses and by stock repurchases.First-quarter revenue rose 8 percent to $1.49 billion, slightly below analysts’ average estimate of $1.5 billion.
“What’s driving our business is the ever-increasing regulatory environment that our clients have to deal with and needs for efficiencies and tools to help our professional customers do their job,” Chief Executive Jim Smith said in an interview.
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