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Thomson Reuters second-quarter profit tops estimates

Thomson reuters is seeing its business grow at a time when companies have been cutting headcount


Thomson Reuters Corp on Tuesday reported higher-than-expected second-quarter earnings, helped by demand for market data, and increased its full-year forecast for margins and adjusted earnings per share. The Toronto-based information services provider is seeing its business grow at a time when many financial services companies have been cutting headcount. Despite this, the need for market data continues to grow, said Jim Smith, chief executive of Thomson Reuters, in an interview Tuesday. "The overall demand for market data last year increased and has never been ...

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First Published: Tue, August 01 2017. 20:42 IST