BUZZ-Thomson Reuters Corp: Best day in four years on strong Q2 results

Wed Jul 29, 2015 2:53pm EDT
 
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** News and information company's shares up 4 pct at C$50.65, its highest since April 20

** Stock on track for its best one-day percentage gains since August 2011

** Thomson Reuters quarterly profit beats estimates for the first time in three quarters

** Q2 revenue at Financial & Risk business, its biggest, rose 1 pct ex-currency, showing underlying revenue growth for the first time since 2011

** "Everybody has been waiting for it. They delivered it," says Jefferies analyst Dan Dolev

** Thomson Reuters also reaffirms 2015 forecast, including expectation for positive organic revenue growth

** Up to Tuesday's close, Canada-listed stock had risen 3.84 pct this year