February 5, 2018 / 10:30 PM / 13 days ago

Brazil's TIM Participacoes beats quarterly profit estimates

SAO PAULO, Feb 5 (Reuters) - TIM Participações SA , Brazil’s third-largest wireless carrier, on Monday reported fourth-quarter net income of 604 million reais ($185 million), up 66 percent from a year earlier, as customers continued to shift to pricier plans in a recovering economy.

Profit at TIM, a subsidiary of Telecom Italia SpA, beat a Thomson Reuters consensus estimate of 462 million reais. Earnings before interest, tax, depreciation and amortization rose 13 percent to 1.769 billion reais, above a consensus estimate of 1.69 billion reais.

$1 = 3.26 reais Reporting by Gram Slattery

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below