Thomson Reuters (TSX:TRI) has again pleased investors with a better-than-expected earnings performance, driven by legal and accounting offerings that will form the back bone of its business when the Refinitiv deal is complete.
Earnings in the legal unit have continued to grow nicely, even against a tough comparative period, as efficiency measures bear fruit.
The tax unit has seen a fall in earnings but that was to be expected given that the third quarter is traditionally a seasonally weak period for that business.
Rumours may be swirling about the potential departure of Jim Smith but whenever he decides to go, it's hard to see him ever being pushed, at least at not at this stage.
Smith has not only transformed Thomson Reuters by cutting costs. He's also pulled off the tougher feat of generating consistent organic revenue growth with product launches that are being well received by the market.
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