Investing.com - TIM Participacoes reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
TIM Participacoes announced earnings per share of 0.3 on revenue of 861.15M. Analysts polled by Investing.com anticipated EPS of 0.264 on revenue of 862.65M.
TIM Participacoes shares are up 1% from the beginning of the year, still down 37.36% from its 52 week high of 20.18 set on February 12, 2020. They are under-performing the CAC 40 which is up 2.52% from the start of the year.
TIM Participacoes follows other major Services sector earnings this month
TIM Participacoes's report follows an earnings beat by Amazon.com on February 2, who reported EPS of 14.09 on revenue of 125.56B, compared to forecasts EPS of 7.2 on revenue of 119.72B.
Alibaba ADR had beat expectations on February 2 with third quarter EPS of 22.03 on revenue of 221.08B, compared to forecast for EPS of 20.59 on revenue of 214.17B.
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