UPDATE: Thomson Reuters Q2 Profit Drops 73%
Thomson Reuters (NYSE: TRI) reported a 73% drop in its second-quarter profit.
Thomson Reuters's quarterly profit fell to $248 million, or $0.30 per share, from $902 million, or $1.08 per share, in the year-ago period. Excluding one-time items, it earned $0.48 per share.
Its revenue declined 3.3% to $3.16 billion. However, analysts were projecting a profit of $0.44 per share on revenue of $3.15 billion.
Thomson Reuters shares closed at $35.45 yesterday.
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