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Thomson Reuters reports higher third-quarter revenue

Reuters
Thomson Reuters reports higher third-quarter revenue

Nov 3 (Reuters) - Thomson ‌Reuters reported higher third-quarter revenue on Tuesday after ​selling a ‌majority stake in its global ‌print business.

The Toronto-based content and technology company raised its full-year ‌2026 organic revenue guidance to an 8.5% to 9.0% increase, up from a range of about 8%. ⁠Organic revenue tracks sales from ‌existing businesses on ⁠a constant currency basis.

"We are pleased ​with our third-quarter momentum, as revenue growth and margins came ​in ahead of our prior ​expectations," ‌Thomson Reuters CEO Steve Hasker said in ​a statement.

The owner of ⁠Westlaw legal database, Reuters ‌news agency ​and the Checkpoint ​tax and accounting service reported a 10% rise in third-quarter revenue to $1.83 billion and adjusted earnings ‌per share of 81 cents.

Thomson Reuters shares have fallen 6.3% ‌this ​year, compared with a 10% rise in the S&P 500, as of Monday.

(Reporting by Kenneth Li in New ‌York; Editing by Alexander Smith)