Thomson Reuters (TRI) shares fell 9.87% on Tuesday after the company released third-quarter results before the market opened, with revenue and adjusted profit both below analyst estimates. Revenue rose 10% year over year to $1.83 billion, and adjusted net income rose at a similar rate to $350 million ($0.81 per share), compared with consensus estimates of about $1.91 billion and $0.89 per share. The 'big three' customer segments accounted for 88% of quarterly revenue, and the company raised its 2026 revenue growth forecast to 9.5% from 8%, after selling its global print business on Oct. 1. The author says the company is performing well but the stock is expensive, with a PEG ratio of about 4.7 versus a level of 1 that is traditionally considered fair value, and he would not add to the stock at current levels.
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