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Media & TelecomThomson Reuters tops revenue, profit forecasts in first quarter
ReutersNick ZieminskiKenneth Li
2 minute read
The logo of Thomson Reuters is pictured at the entrance of its Paris headquarters, France, March 7, 2016. REUTERS/Charles Platiau
Thomson Reuters exceeded first quarter revenue and operating profit estimates on Tuesday, helped by gains in its three main divisions and an economic recovery, as the global news and information company predicted full-year sales growth at the high end of earlier forecasts.
Adjusted earnings per share, which excluded a gain from the sale of the Thomson Reuters (TRI.TO) investment in Refinitiv and other adjustments, rose to 58 cents per share, well ahead of the 42 cents forecast by analysts.
Thomson Reuters Corp - 1st Quarter Results
Thomson Reuters Reports First-Quarter 2021 Results
TORONTO, May 4, 2021 /PRNewswire/ Thomson Reuters (TSX/NYSE: TRI) today reported results for the first quarter ended March 31, 2021, updated its revenue outlook for the full year and provided an outlook for the second quarter 2021.
Logo - https://mma.prnewswire.com/media/13199/THOMSON REUTERS LOGO.jpg Our first-quarter performance reflects a strong start to the year, and we are encouraged by the momentum we see building. Our customers are more confident in an improving economic environment and those positive prevailing tailwinds were reflected in strong sales across our businesses. Despite the improving outlook, risks remain as the pandemic is still significantly impacting many parts of the world. However, we are encouraged by the first quarter s results and our increasing confidence is reflected in our new outlook for the second quarter and the increase to the low end of our revenue