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Highlights of the day: 22 July

July 17, 2023
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FinMeUp
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FinMeUp

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%

 


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