TIM Participacoes S.A. (NYSE:TSU) is set to announce third quarter earning results on Tuesday 3rd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TSU to report 3Q20 income of $ 0.12 per share.
For the full year, analysts anticipate top line of $ 3148.58 million, while looking forward to income of $ 0.53 per share bottom line.
Previous Quarter Performance
TIM Participacoes S.A. revealed income for the second quarter of $ 0.02 per share, from the revenue of $ 742.78 million. Street analysts expected TIM Participacoes S.A. to report income of $ 0.08 per share on revenue of $ 764.54 million for the second quarter. The bottom line results missed street analysts by $ 0.06 or 75 percent, at the same time, top line results fell short of analysts by $ 21.76 million or 2.85 percent.
Stock Performance
Shares of TIM Participacoes S.A. traded up $ 0.04 or 0.33 percent on Monday, reaching $ 12.28 with volume of 191.60 thousand shares. TIM Participacoes S.A. has traded high as $ 12.37 and has cracked $ 12.13 on the downward trend
The closing price of $ 12.28, representing a 20.71 % increase from the 52 week low of $ 10.14 and a 39.76 % decrease over the 52 week high of $ 20.32.
The company has a market capital of $ 5.82 billion and is part of the Communication Services sector and Telecom Services industry.
TIM Participações S.A. provides telecommunication services in Brazil. It offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products.