Thomson Reuters Q3 operating profit falls 22% to USD 402 million
TRI•Thomson Reuters’ third-quarter operating profit fell 22% to USD 402 million, while diluted EPS dropped 17% to USD 0.78. Revenue rose 10% to USD 1.83 billion, and operating cash flow fell 15% to USD 599 million.
1. Third-quarter results
Thomson Reuters reported third-quarter diluted EPS of USD 0.78, down 17%, primarily due to lower operating profit. Revenue rose 10% to USD 1.83 billion, while net cash provided by operating activities dropped 15% to USD 599 million.
2. Asset sale and products
On October 1, the company sold a 51% stake in Global Print to KKR-advised capital accounts, generating approximately USD 500 million in gross proceeds. CEO Steve Hasker cited encouraging customer engagement with next-generation CoCounsel Legal and ongoing commercial discussions for Thomson LLM.
