Net earnings climbed to $678 million, or $1.49 a share, from $218 million, or 45 cents, a year earlier. Revenue for the quarter rose 2.8% to $1.82 billion, slightly below the $1.84 billion expected. Among its operations, the company's Reuters News business recorded revenue growth of 11%, but it saw an about 6% drop in revenue for its Global Print operations. Revenue for the full year rose 2.5% to $6.79 billion, just outside the 3% to 3.5% growth range the company was targeting. Thomson Reuters forecast revenue growth for the new year of about 6.5%, or 6% on an organic basis from ongoing operations.

Source: Wall Street Journal February 09, 2024 00:22 UTC