) were higher after it reported higher than expected third-quarter revenue of US$1.72-billion on Tuesday, as it continued to invest in generative AI.
Thomson Reuters products already include Westlaw AI and CoCounsel, which is a chat-based generative AI assistant that can help legal professionals draft documents, sift through research and locate information scattered across sources. Thomson Reuters will also introduce one way to track the value of its generative AI investments to the business, chief financial officer Michael Eastwood said in an interview.
Acquisitions helped drive revenue rises at some of the “Big 3″ Thomson Reuters businesses, with revenue at its legal, corporates, and tax and accounting businesses up by 9 per cent.) rose after it reported a better-than-expected third-quarter profit on Monday as Canada’s second-largest life insurer benefited from robust growth in its domestic and U.S. businesses.
The company’s U.S. dental business continued to face headwinds, driven by the impact of the Medicaid renewals following the end of the public health emergency. The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.The Mississauga-based air freight and plane leasing company says its revenues totalled $245.6-million, up 14.8 per cent from $214.0-million during the same quarter in 2023.Co-chief executive officer Jamie Porteous said the company benefitted from interest rate cuts and cooling inflation.
The union said members voted 59 per cent in favor of the new contract, which includes a 38-per-cent pay rise spread over four years, easing pressure on new Boeing CEO Kelly Ortberg after two previous offers were voted down in recent weeks.“This is a victory. We can hold our heads high,” Jon Holden the union’s lead negotiator, told members after the results were announced. “Now it’s our job to get back to work.
Around 33,000 machinists who work on the best-selling 737 MAX jet, as well as the 767 and 777 widebodies, have been on strike since Sept. 13, demanding a 40% wage increase and the restoration of a defined-benefit pension they lost a decade ago for a 401 retirement plan. But Palantir’s results late on Monday allayed some of those fears as demand rose thanks to its AI platform, which is used to test, debug code and evaluate AI-related scenarios, as well as its government-oriented services that include software to visualize army positions.
But the analysts cautioned that the stock’s recent surge in value means that “any bump in the road, such as sales execution challenges or weaker-than-expected top-line growth or guidance, could materially affect the stock’s valuation.” The company was responding the ongoing “value wars” in the fast-food industry from peers such as McDonald’s and Burger King.
In international markets, the Pizza Hut parent faced the protracted impact from boycotts related to Israel’s war in Gaza. New orders improved in the U.S. manufacturing sector in September, primarily driven by an AI surge and increased China demand, which helped DuPont raise its profit target for a third time.DuPont’s electronics and industrial unit, the biggest in terms of turnover, reported a 13.4-per-cent rise in third-quarter net sales.
The company said it expects normal seasonal declines in the electronics and construction markets in the fourth quarter.
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