Thomson Reuters Corporation (NYSE:TRI) Q1 2024 Earnings Call Transcript May 2, 2024 Thomson Reuters Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, and welcome to the Thomson Reuters First Quarter Earnings Call. As a reminder, today’s call […]
Thomson Reuters Corp reported Q1 2024 revenue growth of 8%, beating analyst consensus, with adjusted EPS of $1.11. The stock gained, driven by 9% organic revenue growth. CEO is confident in their AI product roadmap. Outlook is $7.24-$7.27 billion. Stock up 17% in last 12 months.
Thomson Reuters Corp (NYSE: TRI) reported fiscal first-quarter 2024 revenue growth of 8% year-on-year to $1.89 billion, beating the analyst consensus of $1.86 billion. The business information services provider’s adjusted EPS of $1.11 beat the analyst consensus of $0.95. The stock price gained after the print. Organic revenues increased by 9%, driven by 9% growth in recurring revenues (76% of total revenues). The “Big 3” segments (Legal Professionals, Corporates, and Tax & Accounting Professiona