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TRI trades higher after Q2 results beat forecasts

Wednesday 29 July 2015

Thomson Reuters shares traded sharply higher after the company posted second quarter profits better than expectations and revenues slightly higher on a constant-currency basis.

TRI stock was 4.54 per cent higher at C$50.88 in Toronto and 4.09 per cent higher at $39.20 in New York.

The company’s Q2 underlying operating profit of $576 million was down one per cent, but up seven per cent before adverse currency effects. 

Broker TD Securities upgraded the stock to Buy from Hold; analysts at Canaccord Genuity restated their Hold rating. ■

SOURCE
Seeking Alpha