Blog Post

Earnings: Thomson Reuters Sales Up In First Full Quarter, But Will That Continue Next Year?

Thomson Reuters (NASDAQ: TRIN) is beginning to reap the benefits of one of the biggest company mergers of recent years, today reporting eight percent better Q3 revenues of $3.3 billion (£2.2 billion), with operating profit up 17 percent to $676 million (£414 million). In the first full quarter since the pair’s merger, those leaps come directly from the pair’s £8.7 billion marriage this June and are helped by $550 million of savings from integration-related activities – like laying off hundreds of staff globally… no final figure on casualties has been given, but CEO Tom Glocer said the process is