Highlights of the day: 26 October

FinMeUp highlights of the day

South Africa

Famous Brands Limited- Interim financial results for the six months ended 31 August 2022

• Revenue grew 19% to R3.6 billion.
• EBITDA grew 60% to R515 million.
• Basic EPS grew 170% to 259 cents per share.

Bytes Technology Group plc- Results for the six months ended 31 August 2022

• Revenue increased 27.9% to GBP93.5 million.
• Gross profit grew 23.8% to GBP65.5 million.
• Operating profit grew 17.7% to GBP27.3 million.
• EPS grew 17.4% to 9.06 pence per share.

Renergen Limited- Plant update

• The LNG system is complete, and the LNG exceeds design specifications.
• The onsite storage tanks and virtual pipeline tankers are full.
• All components of the helium train are working as designed and have been corrected after the plant was turned off.
• Renergen connected additional recently drilled wells, which will increase the plants output.
• The next step is to pressurise the pipeline, prime the utilities and turn on the plant for steady-state production.

The U.S.

Google

• EPS of $1.06 missing expectations of $1.25.
• Revenue of $69.09B missing expectations of $70.76B.
• Cloud Revenue of $6.87B beating expectations of $6.61B.
• Services Rev of $61.38B missing expectations of $64B.
• Google ended last quarter with 186,779 employees up 24% YoY.
• Google spent a total of $15.39 Billion last quarter buying back its own stock.
• Google still has around $43.48B left on its current share repurchase program.

Microsoft earnings

• EPS of $2.35 beating expectations of $2.31.
• Revenue of $50.1B beating expectations of $49.56B.

Visa earnings

• EPS of $1.93 beating expectations of $1.87.
• Revenue of $7.80B beating expectations of $7.57B.
• Visa increased its quarterly dividend to $0.45 per share up from $0.375.
• Visa also announced a new $12 Billion share buyback program.

Twitter

• Elon Musk has notified co-investors to prepare to fund his $44 billion purchase of Twitter by as early as Friday.

Exxon Mobil

• Exxon Mobil has made two new oil discoveries offshore in Guyana.