Thomson Reuters shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results and issued FY24 revenue growth guidance. Also, the company increased its quarterly dividend.
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters shares surged following the announcement of better-than-expected Q4 adjusted EPS results and positive FY24 revenue growth guidance. Additionally, the company raised its quarterly dividend.
February 08, 2024 | 7:39 pm
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Thomson Reuters reported better-than-expected Q4 adjusted EPS results, issued positive FY24 revenue growth guidance, and increased its quarterly dividend.
The positive earnings report and optimistic future revenue guidance are strong indicators of the company's financial health and growth prospects. Increasing the dividend further demonstrates confidence in future cash flows, making the stock more attractive to investors. These factors combined are likely to have a positive short-term impact on Thomson Reuters' stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100