Thomson Reuters Corp., the parent of the Reuters news service, reported declines in fourth-quarter net profit and revenue as it continued to feel the effects of weaker sales of its financial-services and legal products, reported Russell Adams of The Wall Street Journal.
“Thomson Reuters is made up of two units, its markets and professional divisions, that sell information to professionals in various fields. The markets division targets finance professionals and includes the Reuters news service. The professional division serves the legal, tax and accounting and health care and science industries.
“Revenue in the markets division, which accounts for nearly 60% of the company’s total revenue, declined 5% to $1.91 billion. Operating profit in the division declined 12% to $323 million.
“Revenue in the professional division increased slightly to $1.44 billion. Operating profit fell 8% to $421 million.”
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