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Thomson lifts bottom line

Thomson Reuters reported a second-quarter profit of $935 million US, up from $572 million a year ago, as it sold its health care business to Veritas Capital for $1.25 billion. The news and information company said the profit amounted to $1.

Thomson Reuters reported a second-quarter profit of $935 million US, up from $572 million a year ago, as it sold its health care business to Veritas Capital for $1.25 billion. The news and information company said the profit amounted to $1.11 per share for the quarter ended June 30, up from 67 cents a year ago.

Adjusted earnings per share were 54 cents per share compared with 51 cents in the second quarter of 2011. Analysts had been expecting 50 cents per share.Revenue for the quarter amounted to $3.31 billion, down from $3.45 billion.

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