TORONTO — Thomson Reuters Corp. reported lower profits but a rise in revenue in its first quarter as it also modestly raised its expectations for revenue...
TORONTO — Thomson Reuters Corp. reported lower profits but a rise in revenue in its first quarter as it also modestly raised its expectations for revenue growth for the year.
The increase came as Thomson Reuters, which keeps its books in U.S. dollars, says its revenue totalled US$1.89 billion, up about eight per cent from US$1.74 billion in the same quarter last year. On an adjusted basis, Thomson Reuters says it earned US$1.11 per share in its latest quarter, up from an adjusted profit of 84 cents US per share in the same quarter last year.This dividend stock is near 52-week highs, but still down from all-time highs, with a highly valuable P/E ratio you won't want to miss. The post 1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation appeared first on The Motley Fool Canada.
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