Thomson Reuters Reports Q1 Profit Decline, Revenue Below Expectations

Thomson Reuters reported a slight increase in first-quarter revenue to $1.9 billion, though it fell short of analyst expectations. Net income declined to $434 million, down from $478 million a year earlier, largely due to higher finance and tax costs and the absence of prior-year currency benefits. Adjusted earnings per share rose to $1.12, surpassing Wall Street forecasts. The company saw recurring revenue growth but experienced declines in transactional revenues and its Global Print and Reuters News segments. Despite these mixed results, Thomson Reuters reaffirmed its full-year financial outlook, projecting revenue growth of 3% to 3.5%. Shares of the company have performed strongly, outpacing broader market indices.