Thomson Reuters (NYSE:TRI) provides information and data for legal, tax and accounting professionals. The stock generated a total return of 9.5% for the quarter and contributed 53 basis points to the Fund's performance. The company reported earnings that exceeded expectations due to higher profit margins, as the recent acceleration in organic revenue growth is flowing through to the bottom line.
From Parnassus Fund's second-quarter 2019 commentary.
This article first appeared on GuruFocus.
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