[NEW YORK] Thomson Reuters on Tuesday ( Feb 8) reported increased income within the fourth quarter and raised its dividend and gross sales forecast, however stated working revenue was down from a yr in the past, when it noticed a big achieve from an funding sale and different objects.
The information and knowledge supplier and guardian firm of Reuters Information stated fourth-quarter working revenue fell 73 per cent yr on yr to US$257 million. Adjusted earnings per share, which exclude one-time objects, fell to 43 US cents per share from 54 US cents.
Analysts, on common, anticipated working earnings of 46 cents per share. It was not instantly clear if the figures had been straight comparable.
Toronto-based Thomson Reuters, which owns the Westlaw authorized database and the Checkpoint tax and accounting service, stated whole revenues grew 6 per cent within the quarter to US$1.71 billion. Analysts had regarded for US$1.68 billion, in accordance with estimates from Refinitiv.
The three primary enterprise divisions – Authorized Professionals, Tax & Accounting Professionals, and Corporates – reported gross sales up between 5 per cent and 9 per cent, however solely the tax phase noticed increased adjusted earnings earlier than curiosity and different objects (Ebitda).
The Reuters Information division confirmed double-digit will increase in each gross sales and adjusted Ebitda.
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Reuters Information makes greater than half its income from supplying information to Refinitiv, a knowledge firm spun off from Thomson Reuters and now owned by the London Inventory Change (LSE).
Thomson Reuters holds a minority stake within the LSE following the deal, price about US$7 billion as of Monday. REUTERS