Thomson Reuters Reports Mixed Q3 Results, With Strong Performance In 'Big 3' Segments And Growing Confidence In AI Opportunities
Portfolio Pulse from Anusuya Lahiri
Thomson Reuters Corp (NYSE: TRI) reported Q3 FY23 revenue of $1.59 billion, missing the consensus of $1.61 billion. However, its adjusted EPS of $0.82 beat the consensus of $0.71. The company saw a 6% increase in organic revenues, driven by recurring revenues. The 'Big 3' segments reported organic revenue growth of 7%. The company also expressed growing confidence in AI opportunities.
November 01, 2023 | 7:13 pm
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Thomson Reuters reported mixed Q3 results with revenue missing estimates but EPS beating them. The company's organic revenues increased, and it expressed confidence in AI opportunities.
Thomson Reuters' Q3 results were mixed, with revenue missing estimates but EPS beating them. This could have a mixed impact on the stock. However, the company's increase in organic revenues and its confidence in AI opportunities could be seen as positive signs, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100