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The Daily Update: 25 January

April 17, 2024
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FinMeUp
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FinMeUp

The latest updates from the JSE and NYSE in the past 24 hours.

 

South Africa

Astral Foods Limited- Voluntary Trading Update and Initial Trading Statement

  • The Feed division has limited the impact of loadshedding, however at an additional cost and has committed future capital expenditure to mitigate the impact further.
  • Higher internal feed volumes are required, as the poultry division has been negatively impacted by loadshedding.
  • Loadshedding has resulted in abnormal additional costs and substantial production cutbacks in the poultry division.
  • EPS for the six months ending 31 March 2023, is expected to decrease by no more than 90%, being 142.0 cents, compared to the six months ended 31 March 2022.

 

The U.S.

Microsoft Earnings

  • EPS of $2.32 beating expectations of $2.30.
  • Revenue $52.75B missing expectations of $52.93B.
  • LinkedIn revenue increased 10% (up 14% in constant currency) last quarter.
  • Xbox content and services revenue decreased 12%.
  • The security business passed $20B in sales over the last year.
  • Microsoft expects the 3rd quarter intelligent cloud sales to be between $21.7B - $22B.
  • Microsoft closed last quarter with 18% more employees than it had in the year prior.
  • Microsoft Teams now has more than 280 million monthly active users.

ASML Holding NV

  • EPS of EUR4.60 beating expectations of EUR4.33.
  • Revenue of EUR6.4B beating expectations of EUR6.35B.

AT&T earnings

  • EPS of $0.61 beating expectations of $0.57.
  • Revenue of $31.3B missing expectations of $31.5B.

Boeing earnings

  • EPS of -$1.75 missing expectations of $0.20.
  • Revenue of $19.98B missing expectations of $20.1B.

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