Thomson Reuters (TSE:TRI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.74b (up 5.6% from 2Q 2023).

• Net income: US$842.0m (down 5.1% from 2Q 2023).

• Profit margin: 48% (down from 54% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$1.87 (down from US$1.89 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Thomson Reuters EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 150%.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in North America.

Performance of the market in Canada.

The company's shares are down 2.8% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Thomson Reuters (at least 1 which is significant), and understanding them should be part of your investment process.

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