Movement Alert|Thomson Reuters Falls 5.06% in Regular Trading, Stock Pulls Back After Q2 Beat and Raised Full-Year Guidance

Market Focus08-05

On August 5, Thomson Reuters declined 5.06% in regular trading, trading at $103.63 per share, with turnover of $109 million. The pullback followed the release of better-than-expected Q2 results and an upward revision to full-year guidance, after the stock had already rallied 5.12% in the prior session ahead of the earnings report.

The company reported Q2 adjusted EPS of $0.99, beating the consensus estimate of $0.96 by 3.13%, representing a 12.5% year-over-year increase from $0.88. Revenue came in at $1.954 billion versus the $1.913 billion estimate, also up 12.5% year-over-year. Thomson Reuters raised its full-year total revenue and organic revenue growth outlook to approximately 8.0%, and lifted its three-segment combined revenue growth guidance to the 9.5%-10.0% range. Additionally, the company announced it will classify its Global Print business as discontinued operations starting Q3, when it will also provide updated full-year guidance. For Q3, management guided organic revenue growth of approximately 8% and adjusted EBITDA margin of about 36%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment