Thomson Reuters Reports Revenue up 2% in Q4 2020

Thomson Reuters announced a revenue hike in Q4 of last year and said it would start a two-year program that would transform it from a holding company to an operating company.

The news and information provider said revenues rose 2% to $1.62 billion, due to the sale of an investment, gains from the retirement plan adjustment and lower costs.

In the company’s three main sectors, legal activities, tax and accounting services, and corporate services showed a rise in quarterly self-sales and adjusted profits.

It was not immediately clear whether the revised earnings per share of 54 cents was directly comparable to expectations of 46 cents.