Q: Hi, please comment the result as of Thomson Reuters. I have purchased at C$285 and now seem dropping another 5%. Any reason?
5i Research Answer:
EPS of 87c beat estimates of 82c; revenue of $1.78B missed estimates of $1.80B. EBITDA of $678M beat estimates by 3%. Revenue rose 3%. Transactions revenue was up 5% but global print revenue was down. In the Q3, TRI expects 7% organic growth. Guidance for the year was re-iterated. We are comfortable with the results. While not a blow-out, good growth is still expected. The stock has been very strong and we would not read too much into today's decline.