Investing.com - TIM Participacoes reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TIM Participacoes announced earnings per share of 0.1355 on revenue of 866.36M. Analysts polled by Investing.com anticipated EPS of 0.1333 on revenue of 830.83M.
TIM Participacoes shares are up 56.35% from the beginning of the year, still down 27.33% from its 52 week high of 15.33 set on July 31, 2020. They are outperforming the Nifty 50 which is up 12.62% 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 Crown Castle on July 21, who reported EPS of 0.77 on revenue of 1.58B, compared to forecasts EPS of 0.6896 on revenue of 1.56B.
Wal Mart de Mexico ADR had beat expectations on Thursday with second quarter EPS of 0.2777 on revenue of 8.66B, compared to forecast for EPS of 0.2655 on revenue of 8.7B.
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