Thomson Reuters Posts Higher Profit

Posted: 5/2/2012  |  By: Keach Hagey | WSJ.com

Thomson Reuters Corp. saw its first-quarter earnings rise 26% on growth in its legal, tax and accounting divisions, though the business segments catering to the financial community continued to drag on profitability.

The company on Tuesday reported a profit of $314 million, or 38 cents a share, up from $250 million, or 30 cents a share, a year earlier. Revenue excluding foreign-exchange effects climbed 4% to $3.19 billion.