Investing.com - TIM Participacoes reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TIM Participacoes announced earnings per share of 0.13 on revenue of 805.61M. Analysts polled by Investing.com anticipated EPS of 0.1183 on revenue of 784.25M.
TIM Participacoes shares are down 22% from the beginning of the year, still down 29.49% from its 52 week high of 16.31 set on July 20, 2020. They are under-performing the STOXX 600 which is up 10.14% 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 April 29, who reported EPS of 15.79 on revenue of 108.52B, compared to forecasts EPS of 9.54 on revenue of 104.51B.
Visa A had beat expectations on April 27 with second quarter EPS of 1.38 on revenue of 5.73B, compared to forecast for EPS of 1.27 on revenue of 5.56B.
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