Thomson Reuters expects higher 2018 costs, shares drop

May 11, 2018 by  
Filed under News

(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.

Source: Reuters Business News

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