Q: please comment on the quarter. Are you comfortable moving from half to a full position here?
5i Research Answer:
The quarter at TRI looked good and we think it helps to alleviate a lot of the market concerns on the name. EPS of $0.85 beat estimates of $0.82. Revenue of $1.78 bln was essntially in line with expectations. The company reaffirmed their outlook. Organic revenue growth was 7% and they expect 9% organic growth in their largest segments for Q4. We would be fine with adding to the name.