Thomson Reuters Raises FY24 Total Revenue Growth In Range Of 6.5%-7% From Prior View Of 6.5%; Projects Free Cash Flow Of $1.8B
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters has updated its FY24 revenue growth forecast to a range of 6.5%-7% from a previous estimate of 6.5%, and now expects free cash flow to reach $1.8 billion.
May 02, 2024 | 10:43 am
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Thomson Reuters has raised its FY24 revenue growth expectations and now projects a free cash flow of $1.8 billion.
The upward revision in Thomson Reuters' revenue growth forecast and the projection of a significant free cash flow are positive indicators of the company's financial health and operational efficiency. This news is likely to be viewed positively by investors, potentially leading to an increase in the stock price in the short term.
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