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Thomson Reuters reports higher third-quarter revenue

By Reuters News10 hours ago Updated

Nov 3 (Reuters) - Thomson Reuters TRI.TO reported higher third-quarter revenue on Tuesday after selling a majority stake in its global print business.

The Toronto-based content and technology company raised its full-year 2026 organic revenue guidance to an 8.5% to 9.0% increase, up from a range of about 8%. Organic revenue tracks sales from existing businesses on a constant currency basis.

"We are pleased with our third-quarter momentum, as revenue growth and margins came in ahead of our prior expectations," Thomson Reuters CEO Steve Hasker said in a statement.

The owner of Westlaw legal database, Reuters news agency and the Checkpoint tax and accounting service reported a 10% rise in third-quarter revenue to $1.83 billion and adjusted earnings per share of 81 cents.

Thomson Reuters shares have fallen 6.3% this year, compared with a 10% rise in the S&P 500 .SPX, as of Monday.

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