Times Colonist

Reuters beats estimates

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NEW YORK — Thomson Reuters Corp. reported a 10 per cent rise in thirdquart­er profit, beating market estimates, as revenue grew and margins expanded, though growth in its markets division remained sluggish.

Total revenue for the news and data provider was $3.26 billion US, up five per cent before currency changes. Analysts had expected revenue of $3.23 billion US.

The company said in September that it planned to merge the profession­al division, which grew 10 per cent in the quarter, with its markets division, which has struggled.

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