August 5, 2021
NEW YORK (Reuters) -Thomson Reuters Corp reported better-than-expected profit and revenue in the second quarter, helped by higher sales across its main divisions, and raised its revenue forecast for the year.
Underscoring the upbeat outlook, fuelled by a recovering global economy, the global news and information company said it would buy back up to $1.2 billion of its shares.
“Our performance was consistent across the company, above our expectations, and positions us well for the rest of the year and 2022,” Chief Executive Steve Hasker said in a statement.
“These results reflect the confidence of our customers – in both an improving economic environment and in their prospects.”
The parent company of Reuters News said revenues rose 9% to $1.53 billion, compared to expectations of $1.5 billion. Adjusted earnings per share of 48 cents also topped analyst expectations, based on data from Refinitiv.
Operating profit was down 14% to $316 million, reflecting one-time gains in the year-ago quarter.
(Writing by Nick Zieminski; editing by Carmel Crimmins)