Buffett's Berkshire posts loss as stocks fall, operating profit rises

Australia News News

Buffett's Berkshire posts loss as stocks fall, operating profit rises
Australia Australia Latest News,Australia Australia Headlines

Berkshire said its third-quarter net loss was $12.77 billion, or $8,824 per Class A share, and compared with a $2.8 billion loss a year earlier. Operating...

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

- Warren Buffett's Berkshire Hathaway Inc on Saturday posted its first overall quarterly loss in a year as the prices of stocks it owns fell, while improved results from insurance operations bolstered operating profit.

Operating profit rose 41% to $10.76 billion, or $7,444 per Class A share, from $7.65 billion a year earlier. Here is a strategy to earn high-yield tax-free passive income while reducing risk. The post Passive Income: How to Earn an Average of $475 Per Month the CRA Won’t Touch appeared first on The Motley Fool Canada.Canadian utility stocks like Fortis Inc have been proven dividend achievers. The post Dividend Investors: Top Canadian Utility Stocks for November 2023 appeared first on The Motley Fool Canada.Shares of Algonquin Power & Utilities are down over 65% from all-time highs.

Apple’s services segment continues to record healthy gains, increasing 16.3% for the September quarter to reach a record $22.3 billion, while it also reported a 2.8% lift in iPhone sales. Overall, Apple posted revenue of $89.50 billion and net income of $22.96 billion , translating to earnings per share of $1.46, for …CALGARY — Canadian pipeline giant Enbridge Inc. has signed a deal to purchase seven existing renewable natural gas facilities in Texas and Arkansas for US$1.2 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in AU
 

Australia Australia Latest News, Australia Australia Headlines



Render Time: 2025-01-16 02:21:24