Thomson Reuters posts higher operating profit

FILE PHOTO: A Thomson Reuters logo is pictured on a building during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. REUTERS/Denis Balibouse/File Photo - Copyright Denis Balibouse(Reuters)

By Reuters

Published on 31/10/2019 - 12:04•Updated 23/04/2024 - 15:56

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NEW YORK (Reuters) - Thomson Reuters Corp <TRI.N> <TRI.TO>, parent of the Reuters News agency, swung to a net loss in the third quarter, reflecting its stake in Refinitiv, but its revenue and operating profit rose.

The company reported a net loss of $44 million, or 9 cents per share, versus a profit of $302 million, or 39 cents per share, a year ago.