Business Media News

Reuters parent reports better-than-expected earnings

August 4, 2022

Posted by Chris Roush

Thomson Reuters Corp., the parent of the Reuters news service, reported a better-than-expected profit on Thursday and raised its full-year revenue forecast.

Ken Li of Reuters writes, “The news and information company said that it now expects 2022 revenue to increase by 6%, from 5.5%, adding that revenue from its ‘Big 3’ business segments will rise by 7%.

“The parent company of Reuters News reported second quarter adjusted earnings of 60 cents a share. Analysts, on average, had expected 53 cents a share, according to Refinitiv estimates.

“Total revenues rose 5% in the quarter to $1.61 billion, matching Wall Street estimates, while operating profit rose 24% to $391 million, Thomson Reuters said.

“‘Leading indicators remain healthy, and we have a resilient, highly recurring business serving growing industries,’ Chief Executive Steve Hasker said in a statement.”

Read more here.

Subscribe to TBN

Receive updates about new stories in the industry daily or weekly.

Subscribe to TBN

Receive updates about new stories in the industry.