02:23:10 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Thomson Reuters Corp (3)
Symbol TRI
Shares Issued 452,962,832
Close 2024-02-09 C$ 213.34
Market Cap C$ 96,635,090,579
Recent Sedar Documents

Globe says Thomson Reuters earns $678M (U.S.) in Q4

2024-02-09 09:20 ET - In the News

The Globe and Mail reports in its Friday edition that Thomson Reuters has posted a fourth-quarter profit of $678-million, or $1.49 a share, compared with $218-million, or 45 cents a share, in the same quarter of 2022 (all figures U.S.). The Globe's James Bradshaw writes that the information and software provider says the results last year were boosted in part by an increase in the value of the stake Thomson Reuters owns in the London Stock Exchange Group (LSEG). Adjusted to exclude some items, Thomson Reuters said it earned 98 cents a share, which was higher than the 90 cents a share analysts expected, according to LSEG data. The company raised its annualized dividend by 10 per cent, or 20 cents a share, to $2.16, boosting its quarterly dividend to 54 cents from 49 cents. Thomson Reuters's Q4 revenue rose 3 per cent to $1.82-billion. After excluding the impact from lost revenue after the company sold parts of its business, revenue was up 7 per cent. Companies pay for access to the Reuters News archive as a way to train their large language models. Most of the revenue from those agreements comes from one-time payments to use the archive. Reuters News revenue was up 10 per cent to $220-million in the quarter.

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