Thomson Reuters names new CEO, earnings top estimates

Newly announced Thomson Reuters president and chief executive officer Steve Hasker poses in Toronto, Ontario, Canada February 24, 2020. Picture taken February 24, 2020. REUTERS/Mark Blinch

Hasker, most recently a top executive at Hollywood talent agency CAA, will assume his new role on March 15, Thomson Reuters said. Smith, a former journalist who oversaw a period of major change at the company, will stay on for a transition period and become chairman of the Thomson Reuters Foundation.

Thomson Reuters maintained its organic revenue growth target of 4% to 4.5% in 2020 and said its margins will be a little higher than it forecast in October and also above 2019 levels.Adjusted earnings in the fourth quarter rose to $216 million or 37 cents per share from $135 million or 19 cents a share. Analysts, on average, expected 33 cents a share, according to IBES from Refinitiv.

“With our reorganization behind us and a clear focus on the future of our core business, this is the perfect time to put in place the next generation of leadership,” Jim Smith said in a statement.

We all know the only reason the media exists is to sell ads, nothing more nothing less.

You still suck at twitter.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Home Depot shares rise after earnings top estimates, backs 2020 business outlookHome Depot's earnings report will shed light on whether its significant investments in the company are paying off. JoeBiden Democrats are working to restore voting protections and ensure every American can exercise the right to vote LeaderHoyer
Källa: CNBC - 🏆 12. / 72 Läs mer »

These two retail stocks could take off after earnings, charts suggestGear up for a major earnings week for retail stocks. Piper Sandler technician Craig Johnson is keeping a close watch on two names.
Källa: CNBC - 🏆 12. / 72 Läs mer »