On August 5, Thomson Reuters declined 5.06% in regular trading, trading at $103.63 per share, with turnover of $109 million. The pullback followed the release of better-than-expected Q2 results and an upward revision to full-year guidance, after the stock had already rallied 5.12% in the prior session ahead of the earnings report.

The company reported Q2 adjusted EPS of $0.99, beating the consensus estimate of $0.96 by 3.13%, representing a 12.5% year-over-year increase from $0.88. Revenue came in at $1.954 billion versus the $1.913 billion estimate, also up 12.5% year-over-year. Thomson Reuters raised its full-year total revenue and organic revenue growth outlook to approximately 8.0%, and lifted its three-segment combined revenue growth guidance to the 9.5%-10.0% range. Additionally, the company announced it will classify its Global Print business as discontinued operations starting Q3, when it will also provide updated full-year guidance. For Q3, management guided organic revenue growth of approximately 8% and adjusted EBITDA margin of about 36%.

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