Berkshire Hathaway Posts $11.7 Billion Profit on Stock-Market Gains

  • 📰 WSJ
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Warren Buffett's Berkshire Hathaway swung to a quarterly profit on stock-market gains and better results from its insurance business

Warren Buffett’s Berkshire Hathaway Inc. swung to a quarterly profit on stock-market gains and better results from its insurance business.

Berkshire reported first-quarter net income of $11.7 billion, or $7,638 per Class A share equivalent, compared to a loss of $49.7 billion, or $30,653 per Class A share equivalent, in the year-earlier period. Operating earnings, which exclude some investment results, rose to $7.02 billion from $5.87 billion in the year prior.

The conglomerate runs a large insurance operation as well as railroad, utilities, industrial manufacturers, retailers and even auto dealerships. It also holds large investments, especially in the stock market. An accounting rule change in recent years has meant that Berkshire’s earnings often reflect the larger performance of the stock market, while operating earnings more accurately reflect the firm’s vast business operations.

Berkshire’s insurance underwriting business had operating earnings of $764 million in the first quarter, up from $363 million a year ago. Insurance investment income slipped to $1.21 billion, from $1.39 billion.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 98. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

1/8 Solar & Wind are 0 emissions? Each 1 MW of solar farm power requires between 35 to 45 tons of steel, + you need to dig for cadmium, gallium, germanium, etc Make silicon Silicon metal is made from the reaction of silica (SiO2) -

Put 38% tax rate on capital gains over 400k. Enough with this shit.

This man is a genious one ...

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Berkshire Hathaway returns to quarterly profit on insurance and stock-market gainsWarren Buffett’s Berkshire Hathaway swung to a quarterly profit on stock-market gains and better results from its insurance business. I just moved to your city, who wouldn't mind showing me interesting places?
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Tesla, Berkshire Hathaway, Moderna: What to Watch When the Stock Market Opens TodayShares of Covid-19 vaccine makers, including Moderna and Novavax, rose in premarket trading thanks for this news Why are we vaccinating our children?
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »

Berkshire Hathaway's operating earnings jump, Buffett continues to buy back stockThe latest results arrived as Berkshire's 'B' shares rallied more than 18% in 2021 to reclaim its record high. He is going to face a loss very soon. Fiscal stimulus is working. AmericanRescuePlan Landlord bubble
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »