Thomson Reuters fourth-quarter income, adjusted earnings rise By Reuters

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© Reuters. FILE PHOTO: The entrance of The New York Inventory Trade shows the brand new Thomson Reuters brand because the inventory is traded for the primary time in New York

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NEW YORK (Reuters) – Thomson Reuters (NYSE:) Corp reported increased fourth-quarter income on Tuesday and mentioned it could begin a two-year program that can change it from a holding firm to an working firm.

The information and data firm, which owns Reuters Information, mentioned revenues rose 2% to $1.62 billion, whereas its working revenue jumped greater than 300% to $956 million, reflecting the sale of an funding, a acquire from an modification to pension plan and decrease prices.

Its three predominant divisions, Authorized Professionals, Tax & Accounting Professionals and Corporates, all confirmed increased natural quarterly gross sales and adjusted revenue.

It was not instantly clear if adjusted earnings per share of 54 cents have been immediately akin to the 46 cents anticipated.

Thomson Reuters’ markets are wholesome and evolving, making this time to transition the corporate from a content material supplier to a “content-driven expertise firm,” Chief Government Steve Hasker mentioned in a press release. Workplaces have been reworked by the COVID-19 pandemic and synthetic intelligence has a bigger function in skilled markets, he mentioned.

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