(Adds CEO statement)
Feb 6 (Reuters) - Thomson Reuters TRI.TO reported on
Thursday higher fourth-quarter revenue and raised its 2025
organic revenue growth targets.
The Toronto-based content and technology company reported
quarterly revenue rising 5% to $1.909 billion, slightly ahead of
analyst expectations of $1.907 billion, according to LSEG data.
"2024 marked important progress at Thomson Reuters," said
CEO Steve Hasker in a prepared statement.
"Looking ahead to 2025, we continue to focus on investing in
content-driven technology that helps professionals make complex
decisions with confidence."
The company reported fourth-quarter adjusted earnings per
share of $1.01. Wall Street expected a profit per share of 96
cents.
Operating profit rose 29% to $722 million, boosted by the
sale of FindLaw.
Thomson Reuters said it now expected organic revenue to rise
by 7% to 7.5% in 2025 from an earlier range of 6% to 6.5%. The
company said it anticipated 7.5% to 8% organic growth in 2026.
The company raised its annualized dividend per share by
10%.
(Reporting by Kenneth Li in New York. Editing by Mark Potter)
((k.li@thomsonreuters.com))