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Thomson Reuters Q2 revenues decreased 1%

Christian Fernsby ▼ | August 5, 2020
Thomson Reuters reported results for the second quarter ended June 30, 2020.
Thomson Reuters
Revenues   Thomson Reuters
Revenues decreased 1% as growth in recurring revenues was more than offset by expected declines in Global Print and transactions revenues, as well as a negative impact from foreign currency that reduced revenues by $21 million (approximately 1%).

Topics: Thomson Reuters

Operating profit decreased as the prior-year period included a significantly higher benefit from the revaluation of warrants that the company holds in Refinitiv relating to the proposed sale of Refinitiv to London Stock Exchange Group plc (LSEG), which is discussed later in this news release.

Cash flow from operations increased to $422 million from $113 million.


 

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