Thomson Reuters reaffirms 2025 monetary forecasts amid financial turmoil

(Reuters) – Thomson Reuters on Thursday reaffirmed 2025 monetary steerage amid tariff-induced international financial turmoil that has led some firms to revise or scrap forecasts altogether.

The Toronto-based content material and know-how firm reported quarterly income rising 1% to $1.9 billion, barely under analyst expectations of $1.93 billion, in accordance with LSEG knowledge.

Natural income, which strips out the affect of foreign money strikes, acquisitions and asset gross sales, rose 6%.

The corporate reported adjusted earnings per share of $1.12. Wall Avenue anticipated a revenue of $1.05 per share.

Shares of Thomson Reuters, which have risen 15% for the reason that starting of the 12 months, have outpaced the S&P 500 index, which has fallen 5% over the identical interval.

Natural income for the corporate’s “Huge 3” segments, comprising its authorized, corporates and tax and accounting companies, rose 9% within the first quarter.

Second-quarter company-wide natural income is anticipated to choose up from the primary quarter and rise 7%. The corporate reaffirmed its forecast for full-year natural income to extend by 7% to 7.5%.

(Reporting by Kenneth Li in New York; Modifying by Mark Potter)