{"id":5424,"date":"2011-02-10T16:54:00","date_gmt":"2011-02-10T16:54:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/thomson-reuters-announces-q4-results-misses-estimates\/5423\/"},"modified":"2011-02-10T16:54:00","modified_gmt":"2011-02-10T16:54:00","slug":"thomson-reuters-announces-q4-results-misses-estimates","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/thomson-reuters-announces-q4-results-misses-estimates\/5424\/","title":{"rendered":"Thomson Reuters Announces Q4 Results, Misses Estimates"},"content":{"rendered":"

<\/a>Thomson Reuters Corp. (NYSE<\/a>: TRI<\/a>)<\/strong> announced its financial numbers for the fiscal fourth quarter of the year. The company failed to meet the consensus estimates. The news sent the stock plummeting down. The company shares are currently trading at $39.96, down 3.52 percent from its previous close.<\/p>\n

Thomson Reuters raised its revenue estimates for the year.
\nThe company\u2019s forecast suggests that it is recovering from the recession.<\/p>\n

Thomson Reuters reported its adjusted earnings per share at 43 cents, lagging behind the consensus estimate of 46 cents per share. Claudio Aspesi, an analyst with Sanford C. Bernstein, said, \u201cThere was a significant drop in margin, and that’s where investments seem to have dragged down the margin in spite of revenues, which were reasonably good.\u201d<\/p>\n

Thomson Reuters stated that it expects its 2011 revenue to increase by a \u201cmid single digit\u201d percentage. The analysts were expecting the revenue to grow by about 4 percent. The company also increased its annual dividend by 7 percent. The company now pays $1.24 per share in dividend. Tom Glocer, chief executive officer of Thomson Reuters, said, \u201cA shock like the world went through leaves a caution that hangs around for a while. But there’s no question that the conditions themselves are getting better in many of our markets.”<\/p>\n

<\/span>
\nThomson Reuters reported 4 percent increase in its overall revenue. The company earned $3.46 billion in revenue for the quarter. Its professional division registered 7 percent increase in its revenue. The revenue from its Markets division increased 2 percent. The analysts were expecting the company to report $3.43 billion in revenue. The company\u2019s operating profit increased 3 percent to $669 million.<\/p>\n

Thomson Reuters stock opened at $40.56 and touched the high of $40.72. The stock\u2019s lowest price in today\u2019s session is $39.82. The company stock\u2019s beta is 0.89. The company stock has traded in the range of $33.27 and $42.15 during the past 52 weeks. The company\u2019s market cap is $33.27 and its P\/E ratio is 39.11.<\/p>\n

Thomson Reuters reported its total current assets at $3.663 billion for the year ending Dec 31, 2009. Its total assets were worth $34.573 billion for the same time period. Thomson Reuters had valued its total liabilities at $15.306 billion. The company had reported its revenue at $12.997 billion and its gross profit for the year at $12.997 billion. Thomson Reuters\u2019 net income for the ear stood at $867 million.<\/p>\n

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Thomson Reuters Corp. (NYSE: TRI) announced its financial numbers for the fiscal fourth quarter of the year. The company failed […]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6],"tags":[1107],"class_list":["post-5424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot-stocks-to-watch","tag-stri"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/5424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=5424"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/5424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=5424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=5424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=5424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}