UPDATE: Thomson Reuters Posts Q4 Profit, Plans To Lower 2,500 Jobs

Thomson Reuters

reported a profit in the fourth quarter and also announced its plans to lower 2,500 jobs. Thomson Reuters posted a quarterly profit of $372 million, or $0.45 per share, versus a year-ago loss of $2.57 billion, or $3.11 per share. Excluding one-time charges, its profit rose to $0.60 per share, from $0.54 per share. Its revenue declined 5% to $3.4 billion, while revenue from ongoing business climbed 2% to $3.36 billion. However, analysts were expecting a profit of $0.55 per share on revenue of $3.37 billion. It also lifted its annual dividend by $0.02 per share to $1.30 per share. Thomson Reuters shares fell 2.25% to close at $29.96 yesterday.