Thomson Reuters Corp (TRI) Releases Earnings Results, Beats Expectations By $0.03 EPS

Thomson Reuters Corp (TRI) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.45. The company posted revenue of $2793.00 million in the period, compared to analysts expectations of $2833.85 million. The company’s revenue was down -1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on Thomson Reuters Corp. Shares were Reiterated by RBC Capital Mkts on Feb 9, 2016 to “Sector Perform” and Lowered the Price Target to $ 40 from a previous price target of $41 .

Thomson Reuters Corp opened for trading at $40.87 and hit $41.115 on the upside on Friday, eventually ending the session at $40.81, with a gain of 0.47% or 0.19 points. The heightened volatility saw the trading volume jump to 6,68,376 shares. Company has a market cap of $30,888 M.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. The Company is organized into four business units: Financial & Risk Legal Tax & Accounting and Intellectual Property & Science. Financial & Risk business unit provides news information and analytics enabling transactions and bringing together financial communities. It also provides regulatory and operational risk management solutions. Legal business unit provides online and print information decision tools software and services that support legal investigation business and government professionals. Tax & Accounting business unit provides integrated tax compliance and accounting information software and services for professionals in accounting firms corporations law firms and government. Intellectual Property & Science business unit provides intellectual property and scientific information decision support tools and services.

Thomson Reuters Corp

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