Thomson Reuters Reports Second-Quarter 2018 Results

Author(s): City Air NewsTORONTO, August 8, 2018: Thomson Reuters (TSX/NYSE: TRI) today reported results for the second quarter ended June 30, 2018 and reaffirmed its full-year 2018 outlook provided on May 11, 2018. The company also announced...

Thomson Reuters Reports Second-Quarter 2018 Results
Author(s): 

TORONTO, August 8, 2018: Thomson Reuters (TSX/NYSE: TRI) today reported results for the second quarter ended June 30, 2018 and reaffirmed its full-year 2018 outlook provided on May 11, 2018. The company also announced that its planned sale of a 55% interest in its Financial & Risk (F&R) business to private equity funds managed by Blackstone is expected to close early in the fourth quarter of 2018.

“I am pleased with our second-quarter and first-half results, which put us on track to deliver a solid year,” said Jim Smith, president and chief executive officer of Thomson Reuters. “Following the close of our partnership with Blackstone, Thomson Reuters will be well positioned to strengthen and grow our business. We have leading positions and must-have tools in our core markets. I believe we have a bright future doing what we do best: combining information, technology and human expertise to provide trusted answers.”

Date: 
Wednesday, August 8, 2018