Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments. At the same time, the company said Saturday that most of the businesses it owns outright did well. A few hours before shareholders got the chance to hear from CEO Warren Buffett at the annual meeting in Omaha, Berkshire reported a $12.
Michelle King of San Francisco does yoga in the See’s Candies booth before the arrival of shareholders for the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha , Neb. From left, D’Ann Rhoten takes a photo of Brittany Thornton and Melissa Shapiro in the exhibit hall of the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha , Neb. Harold and Caroline Ernst of St.
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. Apple CEO Tim Cook, who is at the Berkshire meeting, told CNBC that he still considers it a privilege to have Berkshire as a major shareholder, and he knew about the sales before Berkshire disclosed them Saturday.
Most of Berkshire’s many other companies delivered solid results, including a 72% jump in operating profits at the utility unit, adding $717 million to Berkshire’s total.
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