Thomson Reuters Has Raised Its 2022 Financial Forecast After Awaiting The First Quarter

Thomson Reuters Has Raised Its 2022 Financial Forecast After Awaiting The First Quarter

NEW YORK (Reuters) – Thomson Reuters Corp raised its 2022 earnings forecast on Tuesday after exceeding first-quarter expectations and strong growth across regulatory, tax and corporate accounts.
The parent company Reuters News said that the 15-minute trust gave him more confidence in his financial position, a serious illness, a geopolitical threat and any worsening of the economic situation could undermine his ability to achieve its goals. ya.

The company, which also owns Westlaw law database and tax services at Checkpoint accounts, reported a modified turnover of 66 cents per share, 5 cents ahead of Wall Street expectations.
Markets accounted for about 0.5% of New York’s start-up and Toronto-based business.
Their gross domestic product rose 5.5% to $ 1.67 billion, just ahead of expectations, and is now forecast to increase by 5.5% this year, from an initial estimate of about 5%.
President Steve Hasker said, “We are getting off to a good start in 2022.” We are a little ahead of where we thought we would be in terms of our financial growth as we move forward. and acting on our transformation program. “
Thomson Reuters (NYSE: TRI) is closing its two-year restructuring to transition from a holding company to a company focused on using intelligence and technology to promote consumer business.

He said 80% of his income is recurring, providing some protection from unprecedented economic pressures.
CFO Mike Eastwood told analysts the company is raising prices on some long-term contracts, but that it will take time to show results.
The top three – legal experts, tax experts and financiers, and corporations – reported higher sales of one-fourth, with an 11% increase leading to the tax business.
Revenue for Reuters News rose 9%.
Reuters accounts for about half of its revenue from providing Refinitiv, a data center owned by Thomson Reuters and currently owned by the London Stock Exchange Group (LON: LSEG) (LSE). Thomson Reuters has a small stake in the LSE which is worth about $ 7.2 billion as of Monday.
Thomson Reuters made two recent purchases. In March, he bought ThinkTrace, an AI-enabled technology company. In April, it announced an agreement to purchase Gestta, an account automation software company.

Funding for the business could be boosted next year when the company can begin selling it at LSE. Industry leaders say higher prices have hampered trade, but they have seen the situation improve in recent years.

Thomson Reuters Has Raised Its 2022 Financial Forecast After Awaiting The First Quarter

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