(Reuters) – Thomson Reuters on Thursday reaffirmed 2025 financial guidance amid tariff-induced global economic turmoil that has led some companies to revise or scrap forecasts altogether. The Toronto-based content and technology company reported quarterly revenue rising 1% to $1.9 billion, slightly below analyst expectations of $1.93 billion, according to LSEG data. Organic revenue, which strips […]
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Thomson Reuters reaffirms 2025 financial forecasts amid economic turmoil
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(Reuters) – Thomson Reuters on Thursday reaffirmed 2025 financial guidance amid tariff-induced global economic turmoil that has led some companies to revise or scrap forecasts altogether.
The Toronto-based content and technology company reported quarterly revenue rising 1% to $1.9 billion, slightly below analyst expectations of $1.93 billion, according to LSEG data.
Organic revenue, which strips out the impact of currency moves, acquisitions and asset sales, rose 6%.
The company reported adjusted earnings per share of $1.12. Wall Street expected a profit of $1.05 per share.
Shares of Thomson Reuters, which have risen 15% since the beginning of the year, have outpaced the S&P 500 index, which has fallen 5% over the same period.
Organic revenue for the company’s “Big 3” segments, comprising its legal, corporates and tax and accounting businesses, rose 9% in the first quarter.
Second-quarter company-wide organic revenue is expected to pick up from the first quarter and rise 7%. The company reaffirmed its forecast for full-year organic revenue to increase by 7% to 7.5%.
(Reporting by Kenneth Li in New York; Editing by Mark Potter)