The media giant says it had earnings of $841 million in its second quarter, down from $889 million last year. THE CANADIAN PRESS/HO

By Canadian Press

Thomson Reuters reports earnings of US$841 million in Q2

Aug 1, 2024 | 8:53 AM

Thomson Reuters says its earnings slipped in the second quarter while revenue rose and it edged up its revenue outlook.

The media giant says it had earnings of US$841 million in its second quarter, down from US$894 million last year.

It says earnings worked out to US$1.86 per share, down from US$1.90 per share last year.

The company says revenues of US$1.74 billion were up from US$1.65 billion for the same quarter last year.

Thomson Reuters says its operating profit was US$415 million, down from US$825 million last year, with the decrease in part because of a gain last year from a business sale.

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The company says it expects total revenue growth for the year of around seven per cent, up from an earlier forecast of 6.5 per cent.