Thomson Reuters (TRI, Financial) saw its stock price rise significantly by 5.01%. The shares are currently priced at $173.28 with a trading volume of 594,157 shares and a turnover rate of 0.13%. The stock's price fluctuated by 4.58% during this period.
Recently disclosed financial results revealed that Thomson Reuters achieved revenues of $1.74 billion, with a net income of $844 million and earnings per share of $1.87. The company reported a gross profit of $438 million and a price-to-earnings (P/E) ratio of 33.13.
Regarding analyst ratings, out of 17 firms covering the stock, 29% recommended a buy, 59% advised holding, and 12% suggested selling. The professional business services sector, where Thomson Reuters operates, experienced an overall increase of 1.45%.
Other notable performers in this sector included Smx (Security Matters) Plc, Ning Sheng International, and Quad Graphics, Inc., with significant gains. Smx (Security Matters) Plc was particularly active with a turnover rate of 37.83%, while Ning Sheng International saw a price fluctuation of 21.94%.
Thomson Reuters was formed in 2008 by the merger of Canada's Thomson and the UK's Reuters Group, valued at $17.6 billion. In 2021, it completed the sale of Refinitiv to the London Stock Exchange Group. The company's primary business segments include legal professionals, tax and accounting, and corporate services. Legal services contribute about 42% of revenue, while tax and accounting make up 20-25%, aligning with their EBITDA contributions. Other smaller operations include the Reuters News business and global print business.
