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Berkshire Hathaway Posts Quarterly Loss As Stock Holdings Fall

Reuters2022-11-05

Nov 5 (Reuters) - Berkshire Hathaway Inc(BRK)on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting.

The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 per share, a year earlier.

Operating profit rose 20% to $7.76 billion, or about $5,294 per Class A share, from $6.47 billion, or about $4,331 per share, a year earlier, helped by foreign currency gains and improvement in several businesses.

Berkshire also repurchased $1.05 billion of its own stock in the quarter, and has repurchased $5.25 billion this year.

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  • ericbqlee
    ·2022-11-07
    🙂
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  • J1000
    ·2022-11-07
    K
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    • J1000
      K
      2022-11-07
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  • Pluto891
    ·2022-11-07
    even Berkshire Hathaway lost money.. we shd not be too hard on ourselves?
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    • Hayz
      me 2
      2022-11-07
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  • Euching
    ·2022-11-06
    Ok
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  • Tuba
    ·2022-11-06
     Ok
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    • Tuba
      Ok
      2022-11-06
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  • Tuba
    ·2022-11-06
    Ok
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  • blessed_1
    ·2022-11-06
    Ok
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  • SPOT_ON
    ·2022-11-06
    Oo
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  • StarGate
    ·2022-11-06
    Nice
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  • T202311701
    ·2022-11-06
    O
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  • K74
    ·2022-11-06
    Oh
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    • K74
      Time
      2022-11-06
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    • K74
      ?
      2022-11-06
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    • K74
      Years
      2022-11-06
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  • sailors
    ·2022-11-06
    Ok
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    • Myname
      Ok
      2022-11-06
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  • tnerual
    ·2022-11-06
    Pls like
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    • Euching
      done
      2022-11-06
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    • Louis7779
      Ok pls like back my post. Thanks
      2022-11-06
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    • Stormriders28
      Ok
      2022-11-06
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  • dIwIrma
    ·2022-11-06
    👍
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    • Gunners80
      nice
      2022-11-06
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    • dIwIrma
      👍
      2022-11-06
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  • Prosperity88
    ·2022-11-06
    Well
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  • newminted
    ·2022-11-06
    Ok
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  • Newbie_21
    ·2022-11-06
    Ok
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  • xinxino
    ·2022-11-06
    Ok
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  • amazinggrace
    ·2022-11-06
    Please like thanks
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    • Tiga3
      👍
      2022-11-06
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    • aureliapy
      ok
      2022-11-06
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    • Newbie_21
      Ok
      2022-11-06
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  • Lcc73
    ·2022-11-06
    Like
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    • newminted
      ok
      2022-11-06
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    • Lcc73
      Like
      2022-11-06
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