Berkshire Hathaway Rose Nearly 2% in Premarket Trading After Posting Its Financial Results

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Berkshire Hathaway Rose Nearly 2% in Premarket Trading After Posting Its Financial Results

Tiger Newspress2023-08-07

Berkshire Hathaway rose nearly 2% in premarket trading after posting its financial results.

It reported a net income of $35.9 billion on total revenue of $92.5 billion, investments contributed $33.1 billion to earnings. It reported a 14% increase in revenue from insurance premiums, helping lift total sales. The conglomerate's railroad, utilities, and energy segment more than doubled revenue to $26.9 billion.

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