Thomson Reuters Reiterated FY23 Revenue Growth Of 3.0%-3.5% Y/Y Vs $6.84B Est, Organic Revenue Growth 6.5%-7.0%, Adjusted EBITDA Margin ~44%
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters has reiterated its FY23 revenue growth forecast of 3.0%-3.5% year-on-year, compared to an estimate of $6.84 billion. The company also expects organic revenue growth of 6.5%-7.0% and an adjusted EBITDA margin of around 44%.
August 04, 2023 | 10:52 am
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POSITIVE IMPACT
Thomson Reuters' reaffirmed FY23 revenue growth and EBITDA margin forecasts may reassure investors and potentially support the stock's performance in the short term.
Thomson Reuters' reaffirmation of its FY23 revenue growth and EBITDA margin forecasts indicates that the company is confident in its financial outlook. This could reassure investors and potentially support the stock's performance in the short term. However, the actual impact will depend on various factors, including market conditions and investor sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100