Thomson Reuters Beats Wall Street's Expectations, Plans to Cut 3,000 Positions
Posted: 10/29/2013 | By: Jim Romenesko | JimRomenesko.com
Thomson Reuters on Tuesday reported a third-quarter profit of 48 cents per share, beating Wall Street expectations by 4 cents. “Our Financial business achieved positive net sales for the first time in more than two years,” CEO Jim Smith tells employees.
He adds in his memo: “We will eliminate approximately 3,000 positions as we continue to reduce product and operational complexity across our company.