Highlights of the day: 22 July

FinMeUp highlights of the day

South Africa

Mr Price

• Mr Price says the takeover of Studio 88 group will likely be done in September. This is Mr Price's biggest-ever acquisition.

The U.S.

Snapchat earnings

• EPS of -$0.02 missing expectations of -$0.01.
• Revenue of $1.1B missing expectations of $1.14B.

Coca-Cola

• Coca-Cola has declared a quarterly dividend of $0.44 per share unchanged from its previous dividend.
• Warren Buffett's Berkshire Hathaway will get around $176 Million from this quarterly dividend.

Pepsi

• Pepsi has declared a quarterly dividend of $1.15 per share up from its previous dividend of $1.075 per share.
• 2022 is the 50th consecutive annual dividend increase for Pepsi.

American Express Earnings

• EPS of $2.57 beating expectations of $2.41.
• Rev of $13.4B beating expectations of $12.5B.

Verizon earnings

• EPS of $1.31 missing expectations of $1.33.
• Rev of $33.8B beating expectations of $33.77B.

Twitter Earnings

• EPS of -$0.08 missing expectations of $0.14.
• Rev of $1.18B missing expectations of $1.32B.
• Twitter reported average monetizable daily active users of 237.8M during Q2 above expectations of 237.5M.

Biggest winners and losers

JSE

• Northam Platinum +8.09%
• Vivo -8.82%

US

• Biogen +3.79%
• Meta -4.84%

Crypto

• Bitcoin +4.0%
• Ethereum +7.1%
• BNB +3.9%