Nov 4 (Reuters) - Thomson Reuters ( TMSOF ) reported
higher revenue for the third quarter on Tuesday, boosted by
investments in artificial intelligence products in its legal and
tax and accounting divisions.
The Toronto-based content and technology company
reaffirmed its full year 2025 guidance of a 7% to 7.5% rise in
organic revenue, which tracks income from existing businesses on
a constant currency basis.
"Our third-quarter results reflect continued momentum and
the ongoing execution of our AI-driven innovation strategy,"
Thomson Reuters ( TMSOF ) Chief Executive Steve Hasker said in a statement
after the results were released.
The owner of Westlaw legal database, Reuters news agency and
the Checkpoint tax and accounting service reported third-quarter
adjusted earnings per share of 85 cents, exceeding Wall Street
expectations, according to LSEG data.
Revenue rose 3% to $1.78 billion, meeting expectations.
Up to Monday's market close, Thomson Reuters ( TMSOF ) shares have
fallen about 5.4% this year, underperforming the 16.5% rise in
the S&P 500 index, which has been boosted by increases in
AI-heavy big tech stocks.