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Thomson Reuters posts drop in 3Q earnings
Thursday, November 05, 2009 7:52 AM


(Source: Associated Press/AP Online)trackingNEW YORK - Thomson Reuters Corp. says its third-quarter profit tumbled 60 percent from a year ago, as revenue in its legal and market information divisions fell.

The news and information provider based in Toronto earned $162 million, or 19 cents per share, in the three months ended Sept. 30. That's down from $404 million, or 49 cents per share, a year earlier.

It says adjusted earnings from continuing operations slipped to 43 cents per share from 47 cents a share a year ago. Analysts had expected 40 cents per share.

Thomson Reuters says its revenue slipped 4 percent to $3.22 billion, in part because of unfavorable foreign exchange rates.

A service of YellowBrix, Inc.



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