Thomson Reuters Corp (TRI) is Downgraded by TD Securities to Hold

Thomson Reuters Corp (TRI) was Downgraded by TD Securities to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. TD Securities advised their investors in a research report released on Jun 27, 2016.

On the company’s financial health, Thomson Reuters Corp reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.45. The company had revenue of $2793.00 million for the quarter, 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.

Thomson Reuters Corp closed down -1.97 points or -4.70% at $39.98 with 31,16,493 shares getting traded on Friday. Post opening the session at $39.91, the shares hit an intraday low of $39.67 and an intraday high of $40.67 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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