Thomson Reuters (TRI) Stock

Thomson Reuters, a leader in professional-grade GenAI, is the first to use a custom model based on OpenAI's o1-mini. This new model is being tested on their CoCounsel platform as part of a broader strategy that includes multiple models for LLM-powered solutions. The company's GenAI offerings are unique because they are based on top-quality content and expertise, providing a valuable testing environment for leaders in LLM technology.

OAKLAND, Calif.--(BUSINESS WIRE)--Californians and those who used to live in California have under a month to submit claims for a class action settlement worth between $19 and $48, with a deadline of December 6, 2024. This significant data privacy settlement, totaling $27.5 million, was reached with Thomson Reuters for its CLEAR platform, thanks to the efforts of Gibbs Law Group LLP and Cohen Milstein Miller & Toll PLLC. Additionally, the settlement will simplify the process for Californians to delete specific personal information.

Thomas Glocer, the former CEO of Thomson Reuters, appears on 'Squawk on the Street' to talk about anticipated policies in the healthcare industry, the ongoing conversations about mergers and acquisitions, and other related topics.

Thomson Reuters reported a 4% increase in profits for the third quarter of 2024, thanks to strong performance in its key business areas. The company has a positive outlook, having raised its expectations for organic revenue growth in 2024 and showing confidence in reaching its financial goals for 2025 and 2026. I feel optimistic about Thomson Reuters, as their third quarter results and full-year revenue growth predictions exceeded expectations.

Thomson Reuters Corporation (NYSE:TRI) will hold its Q3 2024 Earnings Conference Call on November 5, 2024, at 8:30 AM ET. The call will feature company representatives including Gary Bisbee, Steve Hasker, and Mike Eastwood, along with various participants from financial institutions. The operator welcomes everyone and notes that the conference is being recorded.

Thomson Reuters (TRI) reported quarterly earnings of $0.80 per share, which is higher than the Zacks Consensus Estimate of $0.78 per share. This is a slight decrease compared to earnings of $0.82 per share from the same period last year.

TORONTO, Nov. 5, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) announced its third-quarter results for the period ending September 30, 2024, showing strong revenue growth. Overall revenues increased by 8%, with organic revenues rising by 7%, and a notable 9% growth in the "Big 3" segments: Legal Professionals, Corporates, and Tax & Accounting Professionals. CEO Steve Hasker highlighted the company's commitment to innovation, noting an increase in AI investment to over $200 million in 2024.

In addition to looking at analysts' predictions for Thomson Reuters' (TRI) overall earnings, it's important to assess forecasts for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in September 2024.

The AI revolution is still in the early innings but most of the focus has been on big tech stocks up until now. While Mag 7 names will continue to perform well, investors should pay close attention to up-and-coming AI solutions like Propense.ai.