03:02:09 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Thomson Reuters Corp (2)
Symbol TRI
Shares Issued 470,837,843
Close 2023-05-02 C$ 178.12
Market Cap C$ 83,865,636,595
Recent Sedar Documents

Globe/wire say Thomson Reuters beats Q1 estimates

2023-05-03 08:25 ET - In the News

The Globe and Mail reports in its Wednesday edition that Thomson Reuters on Tuesday posted higher-than-expected sales and operating profit in the first quarter, helped by divestitures and high customer retention rates, as it plans a deeper investment in artificial intelligence. A Reuters dispatch to The Globe says that the news and information company reported adjusted earnings of 82 cents per share, beating analyst forecasts for 80 cents (all figures U.S.). Total revenue rose 4 per cent in the quarter to $1.73-billion, also beating expectations. Thomson Reuters, which owns the Westlaw legal database, Reuters news agency and the Checkpoint tax and accounting service, said organic revenue was up 7 per cent for its "Big 3" divisions: Legal Professionals, Corporates, and Tax & Accounting Professionals. "While we acknowledge elevated macroeconomic uncertainty, our underlying business is resilient," chief executive officer Steve Hasker said. Thomson Reuters reaffirmed most 2023 financial estimates, but trimmed its full-year total revenue growth forecast to 3 per cent to 3.5 per cent, from 4.5 per cent to 5 per cent, reflecting the sale of a majority share of legal business management software company Elite to TPG.

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