Warren Buffett’s Berkshire Reports Earnings. Operating Profits Surged.

Berkshire Hathaway’s operating earnings surged 40% to a record $10.8 billion after taxes in the third quarter. The figure beat Wall Street estimates on a per-share basis.

The loss reflects a pullback in the stock market in the third quarter and in particular a 12% decline in Apple , which makes up nearly half the Berkshire equity portfolio. Berkshire bought back $1.1 billion of stock in the third quarter, compared with $1.4 billion in the second quarter and $4.4 billion in the first three months of 2023.

Berkshire’s Class A shares were up 0.7% Friday to $533,815 and are up 14% in 2023, about a percentage point behind the S&P 500 index.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Berkshire Hathaway Inc. Cl B stock rises Thursday, still underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Berkshire Hathaway Inc. Cl B stock rises Friday, still underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Buffett's Berkshire posts loss as stocks fall, operating profit risesBuffett's Berkshire posts loss as stocks fall, operating profit rises
Bron: Investingcom - 🏆 450. / 53 Lees verder »