Thomson Reuters Shares Drop Nearly 10% Following Third-Quarter Earnings Miss
Thomson Reuters (TRI) shares fell approximately 9.87% on Tuesday after the company reported third-quarter financial results that missed analyst expectations on both top and bottom lines. While revenue grew 10% year-over-year to $1.83 billion, it fell short of the consensus estimate of $1.91 billion. Similarly, adjusted net income reached $0.81 per share, missing the projected $0.89. The company's growth was primarily driven by its three core segments—legal, corporate, and tax/audit/accounting—which accounted for 88% of total revenue. Despite the earnings miss, Thomson Reuters raised its annual revenue growth forecast to 9.5% for 2026 following the divestiture of its global print business. However, investors reacted negatively to the misses, likely exacerbated by the stock's high valuation and a PEG ratio of nearly 4.7.
Tickers: $TRI
Topics: earnings report profitability miss revenue miss stock price decline
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