Investing.com - TIM Participacoes reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
TIM Participacoes announced earnings per share of R$0.11 on revenue of R$763.22M. Analysts polled by Investing.com anticipated EPS of R$0.09 on revenue of R$770.36M.
TIM Participacoes shares are down 26.58% from the beginning of the year and are trading at R$14.03 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% 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 Visa A on Tuesday, who reported EPS of R$1.06 on revenue of R$4.84B, compared to forecasts EPS of R$1.03 on revenue of R$4.82B.
Verizon had beat expectations on Friday, July 24, 2020 with second quarter EPS of R$1.18 on revenue of R$30.45B, compared to forecast for EPS of R$1.15 on revenue of R$29.92B.
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