Thomson Reuters operating profit decreased 18% in the second quarter

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Thomson Reuters announced today, Wednesday, a slight decrease in revenue for the second quarter of the year and a decline of 18 percent in operating profit, and confirmed its forecast for the rest of 2020.
According to “Reuters” said the company supplying news and information, which owns the Reuters news agency, that the quarterly revenue fell one percent to $ 1.4 billion and that operating profit declined to $ 365 million from $ 447 million, when the quarter included some exceptional items.
Adjusted earnings of 44 cents per share are more than 38 cents expected by analysts, according to Refinitiv, while the sales figure is in line with Wall Street expectations.
Among the company’s three largest sectors, legal activities and corporate services showed adjusted quarterly profits and higher sales, while tax and accounting services saw lower adjusted sales and profits.
Reuters news agency recorded a decrease in self-revenue of 11 percent, which reflects the impact of the Corona virus crisis on its activities.
“Looking at our performance in the second and first half, we have increased confidence in how we do business during the remainder of the year,” Thompson Reuters CEO Steve Hasker said in a statement.

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