Thomson Reuters (TRI) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.56%. A quarter ago, it was expected that this news and financial information company would post earnings of $0.80 per share when it actually produced earnings of $0.85, delivering a surprise of 6.25%.Over the last ...

TORONTO, Nov. 5, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today reported results for the third quarter ended September 30, 2024: Good revenue momentum continued in the third quarter Total company revenues up 8%, organic revenues up 7% Organic revenues up 9% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals) Raised total company full-year organic revenue growth outlook to approximately 7% Raised organic revenue growth outlook for "Big 3" to approxim ...

Core Viewpoint - Thomson Reuters (TRI) is expected to report quarterly earnings of $0.78 per share, reflecting a year-over-year decline of 4.9%, while revenues are anticipated to reach $1.72 billion, indicating an 8% increase compared to the previous year [1] Revenue Estimates - Analysts project 'Revenues- Legal Professionals' to be $748.98 million, representing an 8.9% increase year-over-year [4] - 'Revenues- Tax & Accounting Professionals' is estimated at $220.85 million, showing an 8.8% increase from the year-ago quarter [4] - 'Revenues- Global Print' is expected to be $126.26 million, indicating a decline of 7.8% year-over-year [4] - 'Revenues- Corporates' is forecasted at $439.04 million, reflecting a 12.3% increase year-over-year [5] - 'Revenues- Reuters News' is projected to reach $190.30 million, marking a 5.7% increase from the previous year [5] Adjusted EBITDA Estimates - The consensus estimate for 'Adjusted EBITDA- Legal Professionals' is $337.99 million, nearly unchanged from the previous year's figure of $338 million [5] - 'Adjusted EBITDA- Corporates' is expected to be $165.43 million, slightly up from $164 million year-over-year [6] - 'Adjusted EBITDA- Reuters News' is projected at $32.54 million, down from $37 million in the same quarter last year [6] - 'Adjusted EBITDA- Global Print' is anticipated to be $43.88 million, a decrease from $55 million reported in the previous year [7] - 'Adjusted EBITDA- Tax & Accounting Professionals' is expected to reach $59.47 million, down from $64 million in the same quarter last year [7] Market Performance - Thomson Reuters shares have decreased by 2.4% over the past month, contrasting with a 1% increase in the Zacks S&P 500 composite [7]

The AI Revolution is Still Blooming By now, investors are aware of the AI revolution thanks to the overwhelming success of OpenAI and Microsoft's ((MSFT) ChatGPT chatbot. Though monetization has been slow and has not been fully realized, the scorching hot user growth of applications like ChatGPT (and its massive valuation) and Alphabet's ((GOOGL) Gemini have driven investment by "Magnificent 7" companies. Even while interest rates were high last year, Mag 7 companies like Meta Platforms ((META) continued to ...

TORONTO, Oct. 22, 2024 /PRNewswire/ -- Thomson Reuters Corporation ("Thomson Reuters") (TSX/NYSE: TRI), a global content and technology company, today announced it has acquired Materia, a US-based startup that specializes in the development of an agentic AI assistant for the tax, audit and accounting profession. This transaction, which is complementary to Thomson Reuters AI roadmap, accelerates Thomson Reuters vision for the provision of generative AI tools to the professions it serves.Founded in 2022, Mate ...

TORONTO, Oct. 3, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, today announced it has entered into a definitive agreement to sell its FindLaw business to Internet Brands. Internet Brands is a fully integrated online media and software services company that is a leading operator of digital platforms in high-value vertical categories, including Health and Legal. Over the last 20 years, FindLaw has established itself as a premier destination for legal assistance ...

Core Points - Thomson Reuters is scheduled to release its third-quarter 2024 earnings on November 5, 2024, at 8:30 a.m. EST [1] - The earnings call will be hosted by CEO Steve Hasker and CFO Mike Eastwood, and may include forward-looking information [1] - The webcast for the earnings call is accessible through the Investor Relations section of the Thomson Reuters website, with registration now open [2] Company Overview - Thomson Reuters provides trusted content and technology to help professionals in legal, tax, accounting, compliance, government, and media sectors make informed decisions [3] - The company combines specialized software and insights to empower professionals with necessary data and solutions, supporting institutions in their pursuit of justice, truth, and transparency [3] - Reuters, as part of Thomson Reuters, is recognized as the world's leading provider of trusted journalism and news [3]

GOTHENBURG, Sweden, Sept. 25, 2024 /PRNewswire/ -- Pagero, a provider of e-invoicing and continuous transaction controls compliance solutions for the global market and part of Thomson Reuters, has been recognized as a Leader in the IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment (doc #EUR151806424, September 2024). We believe this prestigious recognition underscores Pagero's position as a trusted partner for companies seeking comprehensive, compliant and innovative e-invoicing solutio ...

Core Insights - Thomson Reuters has launched CoCounsel 2.0, a next-generation professional-grade GenAI assistant designed to enhance workflow efficiency across various industries, particularly in legal professions [2][3] - CoCounsel 2.0 operates three times faster than its predecessor, providing answers in seconds and improving the intuitive understanding of user communication [4][5] - The assistant is expected to free up 12 hours per week for professionals within the next five years, significantly transforming workflow dynamics [3] Product Features - CoCounsel 2.0 combines the strengths of leading large language models (LLMs) from OpenAI, Google, and Thomson Reuters, optimizing performance and accuracy [2][8] - It includes new capabilities such as Claims Explorer for simplified claims research and CoCounsel Drafting, which accelerates drafting processes by up to 50% [5][6] - The assistant can compare multiple documents point-by-point, providing detailed results with source citations, enabled by advancements in LLM technology [7] Integration and Accessibility - CoCounsel 2.0 will be accessible within Thomson Reuters products like Westlaw Precision and Practical Law, as well as Microsoft 365 applications including Word, Teams, and Outlook [4] - It supports server-to-server integrations with data storage solutions such as iManage, NetDocuments, and SharePoint, allowing direct access to customer documents [4] Technological Foundation - The assistant is built on the Thomson Reuters Generative AI Platform, which facilitates continuous updates and improvements, ensuring users have access to the latest technology [9] - The company employs a team of over 1,000 data scientists and AI experts to drive innovation and maintain high standards in product development [9] Strategic Vision - Thomson Reuters aims to ensure customers can quickly and safely realize the value of generational technology, positioning CoCounsel 2.0 as a key component in evolving business practices [4] - The integration of multiple LLMs is part of the company's strategy to enhance user experience and deliver optimal performance [8]

JHVEPhoto Investment action I recommended a buy rating for Thomson Reuters (NYSE:TRI)(TSX:TRI:CA) when I wrote about it two months ago in June, as I expected organic EPS to grow robustly given the strong adoption of AI products. Based on my current outlook and analysis, I recommend a buy rating. TRI organic growth profile continues to trend in my expected direction, and with the step-up in GenAI investments that is resulting in new innovative products, I continue to see organic growth improving. Review TRI ...