UPDATE: Thomson Reuters Posts Higher Q1 Profit
Thomson Reuters Corp (NYSE: TRI) reported a rise in its first-quarter profit.
Thomson Reuters' quarterly profit climbed to $314 million, or $0.38 per share, from $250 million, or $0.30 per share, in the year-ago period. On an adjusted basis, Thomson Reuters earned $0.44 per share.
Thomson Reuters' revenue surged to $3.654 billion, from $3.30 billion. However, analysts were expecting earnings of $0.39 per share on revenue of $3.127 billion.
Thomson Reuters shares closed at $29.82 yesterday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.