Thomson Reuters Expects FY24 Revenue Growth Of ~7% (Prior 6.5%-7.0%) Vs $7.277B Est
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters has reported its full-year 2023 results and provided an updated outlook for 2024. The company expects FY24 revenue growth of approximately 7%, up from the prior estimate of 6.5%-7.0%, against a $7.277 billion estimate. Key metrics such as organic revenue growth, adjusted EBITDA margin, corporate costs, free cash flow, and accrued capex as a percentage of revenue were also detailed.
August 01, 2024 | 10:43 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Thomson Reuters has updated its FY24 revenue growth expectations to approximately 7%, an increase from the prior estimate of 6.5%-7.0%. This positive revision suggests stronger-than-expected performance, which could boost investor confidence.
The upward revision in revenue growth expectations indicates a stronger performance outlook for Thomson Reuters. This is likely to positively impact investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100