Thomson Reuters Corp (TRI) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.50 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.49. The company posted revenue of $2769.00 million in the period, compared to analysts expectations of $2827.13 million. The company’s revenue was down -1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Many Wall Street Analysts have commented on Thomson Reuters Corp. Thomson Reuters Corp was Downgraded by TD Securities to ” Hold” on Jun 27, 2016.
Thomson Reuters Corp closed down -1.04 points or -2.40% at $42.3 with 15,61,377 shares getting traded on Thursday. Post opening the session at $42.94, the shares hit an intraday low of $42.1674 and an intraday high of $43.04 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.