Thomson Reuters Corporation (TRI.TO)

UPDATE 1-Thomson Reuters raises 2024 forecast on first quarter performance

Thomson Reuters beat first quarter revenue expectations, lifted its annual financial forecast and raised its annual dividend by 10% to $2.16 on Thursday as it continued to invest heavily in artificial intelligence. The Toronto-based news and information provider reported an 8% rise in first quarter revenue to $1.88 billion, from $1.74 billion a year earlier. Operating profit, which Thomson Reuters said rose 10% to $557 million, fell just short of expectations of $559 million.