Q: Hi 5i Research team,
Thomson Reuters Corporation just released their earnings, how do you take on the results? After the results release, the share price was pumping around a bit.
Also if one has new money, could you please suggest a few names to buy for a long term holding and looking for growth with medium risk appetite, thanks.
Thomson Reuters Corporation just released their earnings, how do you take on the results? After the results release, the share price was pumping around a bit.
Also if one has new money, could you please suggest a few names to buy for a long term holding and looking for growth with medium risk appetite, thanks.
5i Research Answer:
TRI reported earnings May 2, and matched estimates for sales and beat EPS estimates by 2%. However TRI did lower its guidance for the year, expecting growth of 3% to 3.5% rather than 4.5% to 5%. This resulted in two downgrades by brokers. The stock has been strong and profit-taking kicked in. Very good longer term growth is still expected, though, and we continue to like the stock. Other suggestions: BN, KXS, BYD, DOO, EQB