TIM First Quarter 2024 Earnings: Revenues In Line With Expectations

TIM (BVMF:TIMS3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$6.10b (up 8.1% from 1Q 2023).
• Net income: R$519.4m (up 26% from 1Q 2023).
• Profit margin: 8.5% (up from 7.3% in 1Q 2023). The increase in margin was driven by higher revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

TIM Meets Expectations

Revenue was in line with analyst estimates.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Global Wireless Telecom industry.

Performance of the market in Brazil.

The company's shares are down 1.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for TIM that we have uncovered.

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