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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Trinity Exploration & Production Plc | LSE:TRIN | London | Ordinary Share | GB00BN7CJ686 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 44.50 | 44.00 | 45.00 | 44.50 | 44.50 | 44.50 | 11,351 | 07:42:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
DOW JONES NEWSWIRES
Thomson Reuters Corp.'s (TRI) second-quarter profit more than doubled on Thomson's purchase of Reuters last year and savings in its markets division because of the merger.
The company's results lately have pointed to a concern for investors - the company's markets division - as the financial industry reels from the collapse of major investment banks. Earlier this year, the company said that revenue from desktop information services, one of its top-earning businesses, may fall this year because widespread financial-sector job cuts are curbing demand. The segment's revenue fell 7% this quarter, but operating profit jumped 16% on cost savings from the merger.
Thomson Reuters posted income of $315 million, or 38 cents a share, up from $150 million, or 19 cents a share a year earlier. Excluding acquisition costs and other charges, earnings rose to 58 cents a share from 39 cents.
Revenue increased 5.1% to $3.29 billion.
Analysts polled by Thomson Reuters expected earnings of 43 cents and revenue of $3.3 billion.
Revenue from the company's professional information business edged up 0.8% as profit grew 3.3%. The legal information business, which includes the Westlaw research service and is part of the professional segment, saw revenue slip 1.7% as earnings were flat.
About 60% of Thomson Reuters' revenue comes from its markets unit, with the rest generated from the tax and accounting, legal and scientific and health-care sectors.
Thomson Reuters said in June it is seeking shareholder approval to unify its dual-listed structure, a move that would simplify trading as U.K. investors make up a shrinking portion of its shareholder base.
Shares closed Wednesday at $32.74 and haven't traded premarket.
-By Kerry Grace Benn, Dow Jones Newswires; 212-416-2353; kerry.benn@dowjones.com
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