Thomson Reuters reports higher fourth-quarter revenue
Feb 5 (Reuters) - Thomson Reuters TRI.TO reported higher fourth quarter revenue on Thursday, boosted by results from its legal, tax and accounting and corporates businesses, as investors weigh the impact of artificial intelligence companies moving into its key markets.
The Toronto-based content and technology company forecast full-year 2026 revenue to rise by 7.5% to 8%.
Fourth quarter revenue rose 5% to $2 billion, matching expectations, according to LSEG estimates. Earnings per share were $1.07. Wall Street had expected $1.06 per share excluding items.
Investors are likely to focus on the company's response to the latest threat to its business.
Shares have been hit by fears over the challenge that AI newcomers, including Anthropic, present to companies like Thomson Reuters, which fell nearly 18% on Tuesday amid a broad selloff in the software, data and professional services sector.
Anthropic, maker of the Claude chatbot, launched a legal plugin for its Claude Cowork coding tool on January 30 that helps execute tasks including reviewing legal documents, generating briefings and tracking compliance.
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