UPDATE: Thomson Reuters Reports Strong Rise In Q3 Profit

Thomson Reuters Corp TRI reported a strong rise in its third-quarter profit on Tuesday. Thomson Reuters' quarterly profit climbed to $659 million, or $0.44 per share, from $356 million, or $0.32 per share, in the year-earlier period. Its adjusted profit came in at $0.56 per share. Thomson Reuters' revenue gained 6% to $3.45 billion. Its revenue from ongoing businesses surged 8% to $3.26 billion. However, analysts were expecting earnings of $0.54 per share on revenue of $3.27 billion. Thomson Reuters shares dropped 1.98% to close at $29.67 yesterday.