Thomson Reuters Q2: Growth in Revenue and Big 3 Segments, CEO Confirms 2024 Investment Plans On Track, Highlights AI Potential
Portfolio Pulse from Anusuya Lahiri
Thomson Reuters Corp (NYSE: TRI) reported Q2 2024 revenue growth of 6% year-on-year to $1.74 billion, slightly missing analyst estimates. Adjusted EPS of $0.85 beat expectations. Despite positive earnings, the stock price slid. The company confirmed its 2024 investment plans and highlighted AI potential.
August 01, 2024 | 5:26 pm
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Thomson Reuters reported Q2 2024 revenue growth of 6% YoY to $1.74 billion, slightly missing analyst estimates. Adjusted EPS of $0.85 beat expectations. Despite positive earnings, the stock price slid by 2.20%. The company confirmed its 2024 investment plans and highlighted AI potential.
The slight miss on revenue estimates and the decline in adjusted EBITDA margin likely contributed to the stock price drop. However, the beat on EPS and confirmation of 2024 investment plans, along with the focus on AI, provide a mixed outlook. The short-term impact is neutral as the market digests these mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100