Thomson Reuters Beats Wall Street’s Expectations, Plans to Cut 3,000 Positions

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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.

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