Thomson Reuters Corp (TSE:TRI) has released an update.
Thomson Reuters has reported a robust start to 2024, with an 8% increase in overall revenue driven by strong performance in its ‘Big 3’ segments and a raised forecast for the year’s revenue growth. The company also highlighted its strategic moves, including the sale of shares in the London Stock Exchange Group for $1.2 billion, a 10% increase in the annual common dividend, and the repurchase of over $350 million in common shares. Amid these financial maneuvers, adjusted EPS grew to $1.11 from $0.84 in the previous year, reflecting higher adjusted EBITDA and reduced share count.
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