Q: Full details on this price rise please on TRI
Sheldon
Sheldon
5i Research Answer:
TRI reported earnings and upped guidance. EPS was $1.11, vs estimates $0.96; revenue of $1.88B beat estimates by 1.6%. EBITDA of $806M beat by 10%. For 2024, TRI now expects revenue growth of 6.5% to 7%, upped from 6.5%. Free cash flow is expected to be slightly higher than estimates, at $1.8B. TRI has a $1B buyback in place that will be finished by the end of the second quarter. Organic revenue rose an impresive 9%. The CEO discussed growth in its AI product roadmap and the potential for more strategic acquisitions. The stock hit an all-time high and the company is firing on all cyclinders right now.