Thomson Reuters Lifts Full-Year Revenue Forecast After Strong Q2

Thomson Reuters announced a 9% increase in second-quarter revenue, reaching $1.95 billion and surpassing analyst estimates of approximately $1.9 billion. The company's performance was bolstered by its legal, corporates, and tax and accounting divisions. Earnings per share, excluding certain items, rose to 99 cents, exceeding Wall Street's forecast of 96 cents. In light of these results, Thomson Reuters has revised its full-year organic revenue growth forecast upward to around 8%, from a previous range of 7.5% to 8%. CEO Steve Hasker stated the company's focus is on investing in and developing AI across its portfolio, including its proprietary large language model, Thomson.