Thomson Reuters beats forecasts

Thomson Reuters posted a better-than-expected rise in quarterly profit yesterday and forecast that revenue would increase in the low single digits this year. The outlook was largely anticipated by analysts, who had forecast a two per cent rise. Adjusted earnings increased to $497m (£320m), or 60 cents a share, from $445m, or 54 cents a share, a year earlier. Full year revenue rose three per cent to $12.89bn.