The Thomson Corp. Q4 Adjusted Net Income Drops Despite Increase In Revenues - Update
(RealTimeTraders.com) - Before the bell Thursday, The Thomson Corp. (TOC), a provider of integrated information solutions to business and professional customers, reported a lower net adjusted income from continued operations for the fourth quarter of fiscal 2003, despite higher revenues.
The company reported a net income, adjusted for discontinued operations and one-time items, for the fourth quarter of $345 million, or $0.53 per diluted share, lower than a net income of $358 million, or $0.55 per diluted share, reported for the same period last year.
Revenues for the fourth quarter increased to $2.2 billion from $2.1 billion reported for the corresponding quarter last year.
For the full year 2003, the company reported a net income, adjusted for earnings from continued operations, of $705 million, or $1.08 per diluted share, compared to a net income of $636 million, or $0.99 per diluted share, reported for last year.
Revenues for fiscal 2003 increased to $7.61 million from $7.44 million reported for fiscal 2002.
he stock closed Thursday’s trading session at $34.20.
Copyright(c) 2004 RealTimeTraders.com, Inc. All Rights Reserved