Thomson Reuters Corp Comments On Q4 2012 Revenue Guidance-Conference Call


Friday, 2 Nov 2012 08:30am EDT 

Thomson Reuters Corp announced that for fourth quarter of 2012, it expects net sales will not be as good sequentially quarter-on-quarter, but will be substantially better than fourth quarter of 2011. That is because just the number of contracts that the Company have in the renegotiation phase and the kind of cumulative effect of cutbacks that have already been announced in the marketplace. The Company reported revenue of $3.165 billion in third quarter of 2012 and $3.308 billion in fourth quarter of 2011. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $3.381 billion for fourth quarter 2012. 

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