Thomson Reuters Q2 Adj EPS $0.84 Beats $0.77 Estimate, Sales $1.65B Miss $1.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters reported Q2 earnings of $0.84 per share, beating the analyst consensus estimate of $0.77 by 9.09%. This is a 35.48% increase from the same period last year. However, the company's quarterly sales of $1.65 billion missed the analyst consensus estimate of $1.66 billion by 0.78%, though it's a 2.04% increase from last year.
August 04, 2023 | 10:51 am
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Thomson Reuters beat Q2 earnings estimates but missed on sales. Earnings per share were $0.84, up 35.48% YoY, while sales were $1.65B, up 2.04% YoY but below estimates.
Thomson Reuters beat earnings estimates, which is positive for the stock. However, they missed on sales, which is negative. The net effect could be neutral in the short term as investors weigh the two factors.
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IMPORTANCE 80
RELEVANCE 100