Arab Today, arab today thomson reuters net profit up 38 percent
Last Updated : GMT 12:40:21
Arab Today, arab today
Arab Today, arab today

Thomson Reuters net profit up 38 percent

Arab Today, arab today

Arab Today, arab today Thomson Reuters net profit up 38 percent

New York - AFP

Thomson Reuters said Tuesday that its net profit rose 38 percent in the third quarter but growth was sluggish in the heavyweight Markets division. The financial news and information company, which is incorporated in Canada and has its headquarters in New York, said net profit increased to $369 million in the quarter which ended on September 30 from $268 million a year ago. Revenue was up six percent at $3.45 billion, better than expected by Wall Street analysts. Earnings per share of 56 cents also topped the 53 cents forecast by analysts. Thomson Reuters said it expects revenue growth of between three percent and seven percent for the year. Thomson Reuters chief executive Thomas Glocer said in a statement he was \"pleased with the performance of our business in the third quarter, a period during which we continued to grow revenues and expand margins. \"In the quarter we also initiated a set of strategic, product and organizational changes to address those parts of our current Markets division that are not performing up to our expectations,\" Glocer said. \"We expect the benefit of these changes will improve sales performance in 2012 and benefit 2013 revenue growth.\" Thomson Reuters announced a reorganization in September that involves merging Markets division and Professional division. Thomson Reuters\' Professional division provides legal, tax and accounting, health care and science products while the Markets division supplies financial and other products. Revenue in the Markets division, which accounts for more than half of the company total, increased five percent in the quarter to $1.88 billion but by just one percent before currency adjustments. Professional division revenue rose 11 percent to $1.38 billion while revenue in the Media division was up five percent at $83 million. Thomson Reuters shares were down 1.35 percent at $29.27 in afternoon trading on Wall Street.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today thomson reuters net profit up 38 percent Arab Today, arab today thomson reuters net profit up 38 percent

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday