|
 The news and information company said third-quarter revenue from
ongoing businesses was $3.1 billion before currency changes,
compared with analysts' expectations of $3.09 billion, according to
Thomson Reuters I/B/E/S.
Revenue at the company's Financial & Risk business fell 2 percent to
$1.62 billion. That division caters to banks, hedge funds and other
financial institutions and includes its Eikon flagship desktop
product.
The company said net sales for financial products were positive in
the third quarter in all three regions: the Americas, Europe and
Asia. This is the second consecutive quarter that net sales, which
strip out cancellations, were positive.
"It is particularly encouraging to see sales trends continue to
improve in both our financial and legal businesses alongside
consistent strong performance from our other units," Chief Executive
Officer Jim Smith said in a statement.
At the Legal division, which includes WestlawNext, revenue increased
1 percent to $854 million. Tax & Accounting revenue rose 13 percent
to $301 million.
[to top of second column] |
Excluding items like tax charges, income was $361 million, or 45
cents per share, compared with $397 million, or 48 cents per share,
a year earlier.
The company affirmed its outlook for the year and expects revenue to
be unchanged from last year's $12.5 billion.
(Reporting by Jennifer Saba in New York; Editing by Lisa Von Ahn)
[© 2014 Thomson Reuters. All rights
reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
