Categories: OLD Media Moves

Reuters parent predicts higher revenue in 2011

Thomson Reuters Corp. said it expects revenue to rise in 2011 after stronger growth in the fourth quarter and more signs that its financial and professional customers are recovering from the recession.

A Reuters story by Jennifer Saba states, “The company, which provides news and information to financial, legal, accounting and healthcare professionals, said on Thursday it expects 2011 revenue to rise by a ‘mid-single digit’ percentage. Analysts on average expect 2011 revenue to rise about 4 percent, according to Thomson Reuters I/B/E/S.

“Highlighting the brighter outlook, the company raised its annual dividend by 7 percent to $1.24 per share.

“Total revenue from ongoing businesses rose 4 percent in the fourth quarter to $3.46 billion, before currency adjustments, led by a 7 percent increase in revenue from the Professional division, whose customers include lawyers and accountants. Revenue in the Markets division rose 2 percent.

“Analysts had forecast total revenue of $3.43 billion.”