Thomson Reuters Corp Reaffirms FY 2013 Revenue Guidance; Declares Quarterly Dividend
Thomson Reuters Corp reaffirmed business outlook for fiscal 2013 and expects revenues to grow low single digits. The Company's fiscal 2013 Outlook includes the impact of an expected $100 million of severance expense in fiscal 2013, $78 million of which was incurred in the first quarter. The Outlook is based on expectations including adjustments for two new accounting pronouncements as well as the reclassification of certain businesses into disposals. The Company reported revenue of $12.899 billion in fiscal 2012. The Company also announced a quarterly dividend of $0.325 per share is payable on June 17, 2013 to common shareholders of record as of May 23, 2013.
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