Revenue Update on Thomson Reuters Corp(NYSE:TRI)

Thomson Reuters Corp(NYSE:TRI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $2.77B. Analysts estimated a revenue of $2.83B. Earnings per share were $0.50. Analysts had estimated an EPS of $0.48.

In a different note, On Jun 27, 2016, TD Securities said it Downgrades its rating on Thomson Reuters Corp. The shares have been rated ‘Hold’ by the firm.

Thomson Reuters Corp (TRI) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -0.12% at a volume of 7,14,261. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.61. The peak price level was also seen at $41.61 while the days lowest was $41.29. Finally the shares closed at $41.41. The 52-week high of the shares is $43.677 while the 52-week low is $33.96. According to the latest information available, the market cap of the company is $30,876 M.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. The Company is organized into four business units: Financial & Risk Legal Tax & Accounting and Intellectual Property & Science. Financial & Risk business unit provides news information and analytics enabling transactions and bringing together financial communities. It also provides regulatory and operational risk management solutions. Legal business unit provides online and print information decision tools software and services that support legal investigation business and government professionals. Tax & Accounting business unit provides integrated tax compliance and accounting information software and services for professionals in accounting firms corporations law firms and government. Intellectual Property & Science business unit provides intellectual property and scientific information decision support tools and services.

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