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Stock Alert: Thomson Reuters Shares Hit 52-Week High

Shares of Thomson Reuters Corp. (TRI) reached a 52-week high of $89.97 Tuesday morning, and are currently trading at $84.85, up $4.49 or 5.59%, with trading volume rising over 443K versus an average volume of 382K shares.

Thomson Reuters, on Tuesday, issued revenue and organic revenue growth guidance for the first quarter, while reporting Q4 results. It also initiated outlook for fiscal 2021, 2022 and 2023.

For the first quarter, the company expects revenue and organic revenue growth of 1.5% - 2.5%, primarily impacted by a decline in Global Print revenue of 13% - 15%.

Further, the company now projects total revenue growth and organic revenue growth of 3% - 4% for fiscal 2021, 4% - 5% for fiscal 2022, 5% - 6% for fiscal 2023.

Analysts polled by Thomson Reuters expect the company to report revenue growth of 3.3% to $2.87 billion for the quarter and revenue growth of 2.2% to $11.93 billion for fiscal 2021.

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