Thomson Reuters Corp on Wednesday reported quarterly earnings that missed analysts forecasts, sending its shares lower even as the news and information company forecast a return to organic revenue growth.Both adjusted fourth quarter profit and revenue missed analysts' forecasts as a strengthening U.S. dollar took its toll on Thomson Reuters, many of whose financial clients are overseas. Thomson Reuters shares, which have gained 24 percent over the last 12 months, were down 3.4 percent in early afternoon trade.While full-year 2014 revenue factoring out currency changes or acquisitions was flat, Thomson Reuters said it expects such organic revenue to grow in 2015 after sales of its financial products outpaced cancellations in 2014 for the first time in six years.The company has struggled in recent years to regain its footing after Thomson Corp acquired Reuters Group Plc in 2008, in a $17 billion merger that was completed just as the financial industry crisis started.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 3.51% or $-1.39/share to $38.20. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 763260 shares of TRI exchange hands on a given day and today's volume is recorded at 1069217.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 3.01% or $-1.5/share to $48.26. In the past year, the shares have traded as low as $36.86 and as high as $50.53. On average, 733973 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1553791.
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