Thomson Reuters Reiterated FY23 Revenue Growth Of 3.0%-3.5% Y/Y Vs $6.83B 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, against an estimate of $6.83 billion. The company also expects organic revenue growth of 6.5%-7.0% and an adjusted EBITDA margin of around 44%.
November 01, 2023 | 10:47 am
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Thomson Reuters has reiterated its FY23 revenue growth forecast, which is in line with estimates. This could potentially reassure investors and have a positive impact on the company's stock.
Thomson Reuters' reiteration of its FY23 revenue growth forecast, which is in line with estimates, indicates that the company is confident in its financial performance. This could reassure investors and lead to increased demand for the company's stock, potentially driving its price up in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100