-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下： 汤森路透2026年第一季度调整后每股收益为1.23美元，高于去年同期的1.12美元，超出市场预期0.02美元；营收增长10%（有机增长8%），达到20.9亿美元，超出预期5000万美元。业绩超预期主要得益于三大业务板块的强劲增长，这三大板块增长11%（有机增长9%），占总营收的85%，展现了其在关键专业工作流程领域的强大实力。我们认为，CoCounsel等“受托级人工智能”产品的日益普及，以及经常性收入8%的有机增长，都为汤森路透稳健的订阅模式提供了有力支撑。管理层维持了2026年全年有机收入增长7.5%-8.0%和调整后EBITDA利润率提升100个基点的预期，但将净利息支出预期上调至1.8亿至1.9亿美元。我们预计人工智能在法律专业人士和企业业务板块的整合将持续保持增长势头，同时，3.32亿美元的强劲自由现金流（同比增长19%）和8.67亿美元的资本回报表明公司拥有强大的现金流生成能力和对股东友好的资金分配策略。
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