Thomson Reuters (TRI) Beats on Q3 Earnings, View Affirmed

Thomson Reuters Corporation TRI, is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare.

The company has an outstanding earnings track record and has delivered an average positive earnings surprise of 13.1% in the last four trailing quarters, beating estimates all through.

Currently, TRI carries a Zacks Rank #2 (Buy), but that could definitely change following third-quarter 2017 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below.

Earnings: Earnings beat. TRI reported adjusted earnings per share (EPS) of 68 cents, which beat the Zacks Consensus Estimate of 58 cents.

Revenues: Revenues missed. Thomson Reuters generated revenue of $2,792 million, which missed the Zacks Consensus Estimate of $2,822 million.

Key Stats to Note: TRI reiterated its outlook for 2017. For 2017, TRI continues to expect low single-digit revenue growth and adjusted EPS in the range $2.40 – $2.45 per share. Adjusted EBITDA margin is expected in the range 29.3% – 30.3%.

Stock Price: TRI’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

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