$TRI.TO

Thomson Reuters and Anthropic Expand Partnership to Connect Claude AI with CoCounsel Legal

Thomson Reuters (TRI.T0, TRI) on said Tuesday announced a new model context protocol integration with Anthropic that connects Claude AI directly to CoConounsel Legal.According to the statement, legal professionals can now move seamlessly between general-purpose AI and citation-grounded legal work, from either working environment."Thomson Reuters is building CoCounsel Legal to be the fiduciary-grade system at the center of how legal work gets done, connected to the tools lawyers use and built to the standard their work demands," said David Wong, chief product officer, Thomson Reuters. "Today's integration with Claude is one example of how those connections will continue to grow as we move toward general availability for the next generation of CoCounsel Legal expected this summer."The company said CoCounsel Legal is used by legal professionals across law firms, corporate legal departments, and government agencies.Shares of the company were last seen down $3.88 at $ 118.14 on Toronto Stock Exchange.Price: $118.50, Change: $-3.52, Percent Change: -2.88%

Thomson Reuters Q1 Adjusted Earnings, Revenue Climb

Thomson Reuters' (TRI.TO) first quarter adjusted earnings and revenue both rose, beating estimates, the company said on Tuesday.Adjusted earnings, which excludes most one-time items, rose to US$547 million, or US$1.23 per adjusted share, from US$506 million, or US$1.12 per share, in the prior year period. The result beat the consensus analyst forecast of US$1.21 per share, according to FactSet.Total revenue increased 10% to US$2.09 billion, beating analysts expectations of US$1.6 billion. The increase was due to 10% growth in recurring revenues (77% of total revenues) and 15% growth in transactions revenues, partly offset by a 4% decline in global print, the company said.Thomson Reuters expects its second-quarter organic revenue growth to be between 7% - 8% and its adjusted EBITDA margin to be 38%.The company maintained its 2026 full-year outlook (announced Feb. 5) for all metrics, except for net interest expense which is expected to range between US$180 million to US$190 million, versus the US$150 million to US$160 million range in the company's February outlook. The increase reflects the US$1.2 billion share buyback program, return of capital and share consolidation transactions.The company, which said in February that it was hiking its dividend by 10%, to $2.62 per share annualized, will pay the higher quarterly dividend of $0.655 per share on June 10, to shareholders of record as of May 20."We have delivered an encouraging start to 2026," said chief executive Steve Hasker. "Our positive momentum reflects the trust professionals place in Thomson Reuters in the moments that matter most." Hasker said professionals were choosing Thomson Reuters AI products in law, tax, audit and compliance.Thomson Reuters shares closed up $0.31, to $130.50 on Monday on the Toronto Stock Exchange.

Thomson Reuters Maintained FY26 Outlook For Organic Revenue Growth, Adjusted EBITDA Margin and Free Cash Flow

Update: -- Thomson Reuters Q1 Diluted EPS Increased to US$1.03 per share compared to $0.96 per share in the prior-year period

Thomson Reuters Q1 Diluted EPS Increased to $1.03 per share compared to $0.96 per share in the prior-year period

Thomson Reuters Shareholders Approve of Return of Capital and Share Consolidation Transactions

Thomson Reuters (TRI.TO, TRI), was last seen down 3% in after-hours Nasdaq trading, said Tuesday that shareholders approved a plan of arrangement to implement the company's proposed return of capital and share consolidation transactions.The company said a final report on voting results will be filed with Canadian securities regulators and furnished to the U.S. Securities and Exchange Commission.The return of capital and share consolidation transactions consist of a special cash distribution of US$605 million, or approximately US$1.36 per share.The plan of arrangement for the return of capital and share consolidation transactions is subject to final approval by the Ontario Superior Court of Justice as well as the Toronto Stock Exchange and the Nasdaq. The court hearing for a final order to approve the plan of arrangement is scheduled on April 29.The company's shares were down US$2.66 to US$87.23 in after-hours after closing up C$1.56 at C$123.04 on TSX.

CIBC Lowers Price Target on Software and Services Stocks

CIBC Capital Markets lowered its price target on eight software and services stocks ahead of Q1 results for the sector."We expect high single-digit growth in revenue and EBITDA within our coverage in Q1, despite AI-disruption concerns that have reduced the market cap of our Software coverage by an average of 24% year to date," analyst Stephanie Price said in a note to clients."With limited AI-related read-throughs from near-term earnings, investors have been reducing multiples and rethinking terminal values," Price said."For Q1, we are roughly in line with consensus expectations," the analyst said. "We expect a volatile earnings season and a focus on AI narrative for companies that meet or beat consensus expectations.""We expect that earnings misses could result in outsized market reactions," Price said. "That said, with an average 8% consensus EBITDA growth expectation for the quarter, we also see the possibility of upside from multi-year valuation lows."Price made the following changes:CGI Inc. (GIB-A.TO) to $112 from $132 (Neutral)Computer Modelling Group Ltd. (CMG.TO) to $5 from $5.50 (Neutral)Constellation Software Inc. (CSU.TO) to $4080 from $4610 (Outperformer)Descartes Systems Group Inc. (DSG.TO, DSGX) to US$116 from US$126 (Outperformer)Docebo Inc. (DCBO.TO, DCBO) to US$28 from US$34 (Outperformer)Kinaxis Inc. (KXS.TO) to $171 from $203 (Outperformer)Open Text Corp. (OTEX.TO, OTEX) to US$27 from US$32 (Neutral)Thomson Reuters Corp. (TRI.TO, TRI) to US$124 from US$140 (Outperformer)(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)