(Adds more details from the financial report)
Nov 3 (Reuters) - Thomson Reuters Corp
reported higher revenue for the third quarter on Tuesday and
raised its full-year free cash flow outlook for 2020.
The news and information provider, which owns Reuters News,
said quarterly revenue rose 2% to $1.44 billion and operating
profit rose 21% to $318 million.
"I’m very pleased to report our markets and businesses
continue to prove resilient in the face of a challenging broader
macro-environment," Thomson Reuters Chief Executive Steve Hasker
said in a statement.
Adjusted earnings of 39 cents per share were ahead of the 38
cents analysts expected, according to IBES data from Refinitiv,
while the company's quarterly revenue of $1.44 billion was also
slightly above Wall Street expectations.
Both the Legal Professionals and Corporates divisions showed
higher quarterly sales and adjusted profit.
Organic revenues at the Reuters News division slipped 2%,
reflecting a decline in the agency business and the ongoing
impact of the coronavirus crisis on its events business.
"I'm confident we will continue to effectively manage
through this challenging environment and build on this
performance in 2021," Hasker said.
(Reporting by Kenneth Li;
Editing by Alexander Smith)
