Market movers: Stocks seeing action on Wednesday - and why

, helped by strong performance at its “Big 3″ segments: Legal Professionals, Corporates and Tax & Accounting Professionals.

CEO Steve Hasker said he saw “good momentum across our portfolio despite an uncertain macro backdrop.” He added, “Importantly, our confidence around the opportunity that generative AI brings to us and our customers continues to strengthen.” Organic revenues in the Print division – which provides information to legal and tax professionals, government, law schools and corporations – fell 4 per cent, in line with the company’s expectations.

The Toronto-based firm said it earned $130.9-million in the second quarter, up from $58.8-million a year earlier. Diluted earnings per share were $3.39, up from $1.67 during the same quarter last year.EQB raised its guidance for 2023, putting its diluted earnings per share growth guidance to 18 to 22 per cent, up from 10 to 15 per cent.

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