Why Thomson Reuters Stock Plummeted by Almost 10% Today
Thomson Reuters (NASDAQ:TRI) had quite the rocky Tuesday on the stock exchange. Before market open, the financial information and data company published its third-quarter figures, and the company's twin misses on analyst estimates were not met with gratitude by investors. Those folks sold out of the stock to leave it with a nearly 10% loss in Tuesday trading. For the period, Thomson Reuters' revenue jumped 10% on a year-over-year basis to $1.83 billion. Net income not under generally accepted accounting principles (non-GAAP, or adjusted) also headed north, rising at roughly the same rate to $350 million ($0.81 per share). Image source: Getty Images. Continue reading