Thomson Reuters (TSX:TRI) Stocks Rise As It Posts $5Bn Q1 Profit

2 min read | May 04, 2021 12:33 PM EDT | By Team Kalkine Media

Thomson Reuters (TSX:TRI) Stocks Rise As It Posts $5Bn Q1 Profit — Image source: Andrey_Popov,Shutterstock

Thomson Reuters Corp (TSX:TRI)

Stocks of the Toronto-based professional information service provider have completely rebounded and increased 14.4 per cent year-to-date (YTD).

The media stock has outperformed its previous 52-week high of C$ 116.22 apiece (April 21, 2021). It also topped the S&P/TSX Research & Consulting Services Index and grew 21 per cent in the past one year.

Thomson Reuters' One-Year Stock Performance Chart. (Source: EODHD/Others)

After witnessing a slight drop in its share price in mid-February, the stock has regained its momentum and swelled by six per cent in the last one month.

The stock is looking bullish and trading 8.76 per cent above its 200-day simple moving average, according to data available on EODHD/Others.

In its forecast for 2021, the media firm said that it expects revenue to rise in the range of 3.5 per cent to four per cent, indicating an improved lower end of estimation against its earlier outlook of three to four per cent.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.

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