Thomson Reuters Corp on Tuesday raised its 2021 revenue forecast for the third time this year as the news and information company benefits from a recovering global economy.
Media & TelecomThomson Reuters tops revenue, profit forecasts in first quarter
ReutersNick ZieminskiKenneth Li
2 minute read
The logo of Thomson Reuters is pictured at the entrance of its Paris headquarters, France, March 7, 2016. REUTERS/Charles Platiau
Thomson Reuters exceeded first quarter revenue and operating profit estimates on Tuesday, helped by gains in its three main divisions and an economic recovery, as the global news and information company predicted full-year sales growth at the high end of earlier forecasts.
Adjusted earnings per share, which excluded a gain from the sale of the Thomson Reuters (TRI.TO) investment in Refinitiv and other adjustments, rose to 58 cents per share, well ahead of the 42 cents forecast by analysts.