Current location:entertainment >>
Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
entertainment97People have gathered around
IntroductionOMAHA, Neb. (AP) — Berkshire Hathaway’s first quarter profits plummeted along with the paper value o ...
OMAHA, Neb. (AP) — Berkshire Hathaway’s first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well.
The company reported reported a $12.7 billion profit, or $8.825 per Class A share, in the quarter. That’s roughly one-third of last year’s $35.5 billion, or $24,377 per A share.
The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures. Operating earnings jumped 39% to $11.222 billion from last year’s $8.065 billion as its insurance companies showed strong results.
On a per share basis, this year’s first quarter operating figure amounts to $7,796.47 per Class A share, beating three analysts’ estimates by FactSet Research, who predicted $6,701.87 per Class A share.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Wave news portal”。http://grenada.bankruptcyintn.com/content-53f799186.html
Related articles
Marijuana reclassification marks Biden's latest election
entertainmentPHOENIX (AP) — President Joe Biden may eventually ban TikTok, but he’s moving to give something back ...
Read moreI was diagnosed with stage 3 colon cancer aged 34 despite being in best shape of my life
entertainmentA mother who was diagnosed with colorectal cancer after thinking her foul-smelling gas was from her ...
Read moreFlorida cops arrest man for broad daylight, on
entertainmentA man has been arrested in Florida following the armed on-camera kidnapping and subsequent homicide ...
Read more
Popular articles
- Ohtani gifts Roberts a toy Porsche before breaking club mark for most HRs by a Japanese
- The Mets have placed catcher Francisco Alvarez on the injured list after a baserunning mishap
- As a super
- This ancient snake in India might have been longer than a school bus and weighed a ton
- Đurić scores twice as Monza hits Lazio's Champions League hopes in 2
- Soaring cost of a cuppa is revealed: Global tea and coffee prices rise by up to 50 per cent
Latest articles
Laverne Cox dons fascinator and cleavage
Israel gave US last
Canucks know the Preds in the NHL playoffs not who they swept during season
Geri and Christian Horner 'in talks to film fly
Six Million Dollar Man star Lee Majors, is 85! See how great the actor
Remember me? Original Real Housewives of Orange County star Jo De La Rosa returns to the show
LINKS
- I celebrate World Naked Gardening Day every day
- Britney Spears' sister Jamie Lynn Spears isn't bothered by Toxic singer branding her a 'b***h
- Cheers and flames as Orthodox worshipers greet the ancient ceremony of the 'Holy Fire'
- Ireland knocks out Argentina again in Singapore Sevens
- Troyes fans and players throw flares at each other after 2nd
- Drew Barrymore unveils new fashion collaboration with Justin Bieber's Drew House brand
- Toney's goal drought continues after Brentford draws 0
- Narváez outsprints Giro d'Italia favorite Pogačar to win opening stage in Turin
- Indoor climbing wall users may be breathing in toxic rubber dust linked to CANCER
- Britney Spears' sister Jamie Lynn Spears isn't bothered by Toxic singer branding her a 'b***h