Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

Warren Buffett's Berkshire Hathaway sees profit rise 23%

Added 02-27-21 09:04:02am EST - “Berkshire Hathaway Inc.'s fourth-quarter profits rose on the back of a soaring stock market.” - Foxbusiness.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Foxbusiness.com: “Warren Buffett's Berkshire Hathaway sees profit rise 23%”. Below is an excerpt from the article.

Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

This material may not be published, broadcast, rewritten, or redistributed. ©2021 FOX News Network, LLC. All rights reserved. FAQ - Updated Privacy Policy

Berkshire's net earnings rose to $35.8 billion, or $23,015 a Class A share equivalent, up almost 23% from the year before's profit of $29.2 billion, or $17,909 a share.

Operating earnings, which exclude some investment results, rose to $5 billion from $4.4 billion the year prior. Billionaire investor Warren Buffett has said operating earnings better reflect Berkshire's performance than net earnings that incorporate unrealized investment gains or losses.

Berkshire runs a large insurance operation as well as railroad holdings, utilities, industrial manufacturers, retailers and even auto dealerships. It also holds large investments, especially in the stock market.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

CLICK TO SHARE

BACK TO THE HOME-PAGE