(Adds comparison to estimates and details on segment
performance)
NEW YORK, Aug 5 (Reuters) - Thomson Reuters Corp
reported slightly lower revenue and an 18% fall in
operating profit for the second quarter on Wednesday, and
reaffirmed its forecast for the rest of 2020.
The news and information provider, which owns Reuters News,
said quarterly revenue dipped 1% to $1.405 billion and operating
profit fell to $365 million, from $447 million, when the quarter
included some one-time items.
Adjusted earnings of 44 cents per share were ahead of the 38
cents analysts expected, according to Refinitiv, while the sales
figure was in line with Wall Street expectations.
Of the company's three largest divisions, Legal
Professionals and Corporates showed higher quarterly sales
adjusted profit, while the Tax & Accounting Professionals
segment saw lower sales and adjusted profit.
The Reuters News division saw organic revenues fall 11%,
reflecting the effect of the coronavirus crisis on its events
business.
"Given our performance for the second quarter and first
half, we have increasing confidence in how our businesses will
perform over the remainder of the year," Thomson Reuters Chief
Executive Steve Hasker said in a statement.
(Writing by Nick Zieminski in New York;
Editing by Alexander Smith)