Investing.com - TIM Participacoes reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TIM Participacoes announced earnings per share of $0.16 on revenue of $1.09B. Analysts polled by Investing.com anticipated EPS of $0.13 on revenue of $1.08B.
TIM Participacoes shares are down 28% from the beginning of the year, still down 16.08% from its 52 week high of $15.61 set on April 1.
TIM Participacoes follows other major Communication Services sector earnings this month
TIM Participacoes's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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