(Toronto) Thomson Reuters posted a loss for its most recent quarter on Tuesday, due to a drop in the value of its investment in the London Stock Exchange Group, which notably operates the London Stock Exchange, but its revenues rose relative to last year.
The company lost US $ 240 million, or 49 US cents per share, for its third quarter ended September 30, which compared to a profit of US $ 241 million, or US 48 cents per share, for the same period a year earlier.
Revenue totaled US $ 1.53 billion, compared to US $ 1.44 billion in the third quarter of last year.
On an adjusted basis, which excludes the change in the value of Thomson Reuters’ investment in LSEG and other adjustments, Thomson Reuters achieved earnings per share of 46 cents US in the most recent quarter, as it declined. was priced at 39 US cents last year.
Thomson Reuters has also revised upward its revenue forecast for the current fiscal year.
The company now says it expects growth of between 4.5% and 5.0% in total revenue, while its previous forecast was for growth of between 4.0% and 4.5%. of his income.
“The momentum we saw in the first half of the year continued into the third quarter with revenues and sales exceeding our expectations across all of our businesses,” the chief said in a statement. from Thomson Reuters executive Steve Hasker.
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