Thomson Reuters Corp., the parent of the Reuters financial news service, reported earnings Friday that beat expectations despite a drop in revenue.
Jessica Toonkel of Reuters reports, “Third-quarter net earnings were $293 million, or 36 cents per share, compared with $250 million, or 28 cents per share, a year ago.
“Adjusted for special items, earnings were 52 cents per share. Analysts, on average, were looking for 49 cents per share, according to Thomson Reuters I/B/E/S.
“In its Financial & Risk segment, which provides news and analytics to financial services companies, revenue was $1.51 billion. The division’s net sales were positive in all regions except for Europe, the Middle East and Africa, marking the sixth consecutive quarter the division has seen positive net sales.”
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