Thomson Reuters Corp (NYSE: TRI) reported fiscal first-quarter 2024 revenue growth of 8% year-on-year to $1.89 billion, beating the analyst consensus of $1.86 billion. The business information services provider’s adjusted EPS of $1.11 beat the analyst consensus of $0.95. The stock price gained after the print. Organic revenues increased by 9%, driven by 9% growth in recurring revenues (76% of total revenues). The “Big 3” segments (Legal Professionals, Corporates, and Tax & Accounting Professiona
Although the revenue and EPS for Thomson Reuters (TRI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Thomson Reuters (TRI) delivered earnings and revenue surprises of 18.09% and 1.95%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?