Thomson Reuters Q1 Adj $1.11 Beats $0.95 Estimate, Sales $1.89B Beat $1.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters (NYSE:TRI) reported Q1 adjusted earnings of $1.11 per share, surpassing the $0.95 estimate, and sales of $1.89B, exceeding the $1.86B estimate. This represents a 32.14% increase in earnings and an 8.46% increase in sales from the same period last year.
May 02, 2024 | 10:41 am
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POSITIVE IMPACT
Thomson Reuters reported a significant beat on both earnings and sales estimates for Q1, with a notable year-over-year growth in both metrics.
The substantial beat on both earnings and sales estimates, coupled with significant year-over-year growth, is likely to positively impact investor sentiment and TRI's stock price in the short term. The earnings beat by 16.84% and the sales beat by 1.34%, along with the growth rates of 32.14% in earnings and 8.46% in sales from the previous year, underscore the company's strong performance and could lead to upward price movements.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100