An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022.on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash that surpassed $157 billion.
The Omaha-based conglomerate's operating earnings — which encompass profits made from the myriad of wholly owned businesses such as insurance, railroads and utilities — totaled $10.761 billion last quarter. That's 40.6% higher than the $7.651 billion earned from the same quarter a year ago. Berkshire held a record level of cash at the end of September — $157.241 billion — topping the $149.2 billion high set in the third quarter of 2021.
Berkshire Class A shares have rallied nearly 14% this year. After reaching an all-time high on Sept. 19, shares have fallen about 6% from the peak.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »
Fuente: MarketWatch - 🏆 3. / 97 Leer más »
Bay Area biotech company laying off 40% of workers, closing HQThe company is shuttering its Brisbane headquarters and laying off a large chunk of employees, including its chief operating officer and senior vice president.
Fuente: SFGate - 🏆 534. / 51 Leer más »