Thomson Reuters Corp (TRI) is Initiated by Macquarie to Neutral

Thomson Reuters Corp (TRI) was Initiated by Macquarie to “Neutral”. Macquarie advised their investors in a research report released on Aug 26, 2016.

Many Wall Street Analysts have commented on Thomson Reuters Corp. Thomson Reuters Corp was Downgraded by TD Securities to ” Hold” on Jun 27, 2016.

On the company’s financial health, Thomson Reuters Corp reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.49. The company had revenue of $2769.00 million for the quarter, 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.

Thomson Reuters Corp opened for trading at $41.96 and hit $41.96 on the upside on Tuesday, eventually ending the session at $41.57, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 8,66,670 shares. Company has a market cap of $30,995 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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