Thomson Reuters logo is shown in a handout. The company says its earnings slipped in the second quarter while revenue rose.The media giant says it had earnings of $841 million in its second quarter, down from $889 million last year. THE CANADIAN PRESS/HO
TORONTO – Thomson Reuters says its earnings slipped in the second quarter while revenue rose and it edged up its revenue outlook.
The media giant says it had earnings of US$841 million in its second quarter, down from US$894 million last year.
It says earnings worked out to US$1.86 per share, down from US$1.90 per share last year.
The company says revenues of US$1.74 billion were up from US$1.65 billion for the same quarter last year.
Thomson Reuters says its operating profit was US$415 million, down from US$825 million last year, with the decrease in part because of a gain last year from a business sale.
The company says it expects total revenue growth for the year of around seven per cent, up from an earlier forecast of 6.5 per cent.
This report by The Canadian Press was first published Aug. 1, 2024.
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