Highlights of the day: 9 November

FinMeUp highlights of the day

South Africa

Gold Fields Limited

• Gold Fields announces termination of the arrangement agreement with Yamana.
• Yamana is required to pay Gold Fields a termination fee of US$300 million.

Lesaka Technologies, Inc- First Quarter 2023 Results

• Revenue grew by 261.7% to $124.8 million compared to the comparable period
• Operating loss improved by 58% to a loss of $4.7 million.

Northam Platinum Holdings Limited

• Northam Platinum has made an offer to acquire all or a portion of the remaining Royal Bafokeng shares.
• Offer consideration to be settled fully in cash or a combination of cash and Northam Holdings shares.
• The offer consideration represents a 20.3% premium to the 30 trading day volume-weighted average price.

The U.S.

AMC earnings

• EPS of -$0.20, beating expectations of -$0.25.
• Revenue of $968.4M beating expectations of $960.97.

Disney earnings

• EPS of $0.30, missing expectations of $0.51.
• Revenue of $20.15B, missing expectations of $21.26B.
• Disney+ subscribers of 164.2M, beating expectations of 162.5M
• ESPN+ subscribers of 24.3M, beating expectations of 23.9M.

Tesla

• Elon Musk has sold 19.5M shares of Tesla for a total value of $3.95B.

Occidental earnings

• EPS of $2.44, missing expectations of $2.49.
• Net sales of $9.5B beating expectations of $9.41B.

Meta

• Meta is laying off 11 000 employees.

Tesla & Zoom

• Tesla and Zoom have announced that they are teaming up to bring video conferencing inside Tesla vehicles.

Roblox Earnings

• EPS of -$0.50 missing expectations of -$0.33.
• Revenue of $517.7M missing expectations of $686.27M.
• Daily Active Users of 58.8M beating 58.7M.
• Hours engaged of 13.4B
• Avg Booking Per DAU of $11.94.