The parent of the Reuters news service 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 and beat estimates in the third quarter.
Kenneth Li of Reuters reports, “Quarterly revenues climbed 6% to $1.53 billion, compared to expectations of $1.5 billion, while an 18% rise in adjusted EPS to 46 cents beat analysts’ mean estimate of 38 cents, according to Refinitiv.
“Four of Thomson Reuters’ five divisions – Legal Professionals, Tax & Accounting Professionals, Corporates, and Reuters News – showed sales rising 6% on a constant currency basis.
“Reuters News makes more than half its revenue from supplying news to Refinitiv, a data company spun off from Thomson Reuters and now owned by the London Stock Exchange.”
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