10 May UPDATE 5-Thomson Reuters expects higher 2018 costs, shares drop
May 11 (Reuters) – Thomson Reuters Corp
forecast its corporate costs would more than double for the year
but revenue would only increase modestly. The prediction sent
shares of the news and information company down 4 percent as
investors fretted about earnings growth after it completes a
plan to sell a majority stake in its largest unit.
forecast its corporate costs would more than double for the year
but revenue would only increase modestly. The prediction sent
shares of the news and information company down 4 percent as
investors fretted about earnings growth after it completes a
plan to sell a majority stake in its largest unit.
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