Highlights of the day: 3 November

FinMeUp highlights of the day

South Africa

Sibanye Stillwater Limited- Operating update for the quarter ended 30 September 2022

• Production build-up to planned levels at the SA gold and Stillwater operation achieved.
• SA PGM operations impacted by Eskom.
• Five-year wage agreements concluded at the SA PGM Marikana and Rustenburg operations.
• The K4 project is slightly ahead of budget and schedule.
• Increased stake in Keliber to 84.96%.

Datatec Ltd - Results for the six months ended 31 August 2022

• Revenue grew 8.7% to $2 452.9 million.
• Gross profit fell 4.8% to $356.6 million.
• Adjusted EBITDA grew 13.3% to $95.6 million.
• EPS fell 20.6% to 5.0 U.S. cents per share.
• Net debt improved by 24.8% to ($114.7 million).

The U.S.

Robinhood

• Robinhood had 21.3 million Monthly Active Users in Q2 2021.
• Robinhood just reported Monthly Active Users of 12.2M last quarter.
• EPS of -$0.20 beating expectations of -$0.27.
• Revenue of $361M beating expectations of $357.8M.

Peloton earnings

• EPS of -$1.20 missing expectations of -$0.65
• Revenue of $616.5M missing expectations of $650.1M.
• Peloton expects revenue next quarter to come in between $700M-$725M below expectations of $874M.