News Corp (NWSA) Tops Q2 EPS by 5c, Beats on Revenues
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Thomson Reuters beats profit forecast, misses on revenue
February 8, 2018 6:52 AM ESTBy Jessica Toonkel
(Reuters) - Thomson Reuters Corp (NYSE: TRI)(NYSE: TRI) beat Wall Street profit expectations in the fourth quarter as it kept a lid on costs, but revenue slightly missed forecasts.
The news and information company, in its first earnings report since announcing it would sell a majority stake in a unit to Blackstone, reported quarterly revenue of $2.94 billion, up 3 percent.
Net earnings were $591 million, or 81 cents per share, down from $2.24 billion, or $3.03 per share a year earlier.
Adjusted for special items, earnings... More
