TR shares surge on Q3 results news
Thursday 13 November 2008
Thomson Reuters shares soared by up to 12 per cent on Thursday as markets absorbed better than expected third quarter results.
The biggest percentage increase was on the New York Stock Exchange but there were also double-digit gains on NASDAQ and the Toronto Stock Exchange.
Wednesday’s Q3 results included profit at 48 cents per share compared with an average analyst forecast of 34 cents.
Revenues were $3.3 billion, eight per cent higher than a year ago. Underlying operating profit was 17 per cent higher at $676 million.
LONDON: TRIL.L ended 44 pence or 3.91 per cent higher at 1,169 pence. Range: 1,097 pence-1225 pence.
NEW YORK: TRI closed $2.65 higher - 12.02 per cent - at $24.69. Range: $22.51-$24.80.
NASDAQ: TRIN soared $11.92 - 11.54 per cent - to close at $115.25. Range $103.08-$116.50.
TORONTO: TRI.TO finished the day up C$2.93 - 10.71 per cent - at C$30.29. Range: C$27.70-C$30.29. ■