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Thomson Reuters sales short

The global news, business information and related software company reported a 2% rise in Q4 EPS, to 60 cents, beating estimates by 5 cents, largely due to cost cuts. Revenue edged up 1% to $3.358 bil from $3.355 bil, short of forecasts of $3.373 bil. Thomson Reuters (TRI) forecast higher revenue in '13 as its division that serves fin'l institutions begins to turn around and Europe stabilizes. Shares fell 2.3% to 29.96.