$Berkshire Hathaway(BRK.A)$ $B-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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2023-11-04

$Berkshire Hathaway(BRK.A)$

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Buffett's Berkshire Posts Loss as Stocks Fall, Operating Profit Rises

Berkshire Hathaway Q3 operating earnings jumped 41% Y/Y, strong performance in its insurance businesses, both in underwriting and investment income. Those were partially offset by profit declines in utlities and energy and its railroad.The company bought back $1.1B of its common stock during the quarter, compared with ~$1.4B in Q2, bringing year-to-date purchases to $7.0BQ3 operating earnings of $10.8BB rose from $10.0B in Q2 and $7.65B in the year-ago quarter.Insurance float of $167B at Sept.

Buffett's Berkshire Posts Loss as Stocks Fall, Operating Profit Rises

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Those were partially offset by profit declines in utlities and energy and its railroad.The company bought back $1.1B of its common stock during the quarter, compared with ~$1.4B in Q2, bringing year-to-date purchases to $7.0BQ3 operating earnings of $10.8BB rose from $10.0B in Q2 and $7.65B in the year-ago quarter.Insurance float of $167B at Sept.","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b61137df7ec243a6b1ee2c0190c347ad\" title=\"\" tg-width=\"750\" tg-height=\"539\"/></p><p>Warren Buffett&#39;s Berkshire Hathaway Inc on Saturday posted its first overall quarterly loss in a year as the prices of stocks it owns fell, while improved results from insurance operations bolstered operating profit.</p><p>Berkshire said its third-quarter net loss was $12.77 billion, or $8,824 per Class A share, and compared with a $2.8 billion loss a year earlier.</p><p>Operating profit rose 41% to $10.76 billion, or $7,444 per Class A share, from $7.65 billion a year earlier.</p><p>Berkshire said it repurchased $1.1 billion of its stock in the quarter, and has bought back about $7 billion this year.</p><p>Berkshire held a record level of cash at the end of September — $157.2 billion — topping the $149.2 billion high set in the third quarter of 2021.</p><h2 id=\"id_1890870112\">Operating earnings by business segment:</h2><ul style=\"\"><li><p>Insurance - underwriting: $2.42B vs. -$1.07B a year ago;</p></li><li><p>Insurance - investment income: $2.47B vs. $1.41B a year ago,</p></li><li><p>Railroad: $1.22B vs. $1.44B</p></li><li><p>Utilities and energy: $498M vs. $1.60B in Q3 2022;</p></li><li><p>Pilot Travel Centers: $183M vs.nil.</p></li><li><p>Other controlled businesses: $3.34B vs. $3.25B a year ago;</p></li><li><p>Non-controlled businesses: $226M vs. $346M in Q3 2022;</p></li><li><p>Other: $400M vs. $679M.</p></li></ul><p>Investment and derivative losses, most of which are unrealized, were $23.5B in Q3 compared with $10.4B in the year-ago quarter. That resulted in a net loss of $12.8B in the most recent quarter, compared with a loss/ of $2.80B a year ago.</p><p>As of Sept. 30, 2023, about 78% of Berkshire Hathaway’s $318.6B of equity holdings, at fair value, were concentrated in five companies — American Express (AXP), Apple (AAPL), Bank of America (BAC), Coca-Cola (KO), and Chevron (CVX); compared with a 78% concentration (same five companies) of a $353.4B portfolio at June 30, 2023.</p><p>Meanwhile, its holdings in Occidental Petroleum (OXY), at fair value, increased to ~$14.5B at Sept. 30 from $13.2B at June 30, and the value of its stake in Kraft Heinz (KHC) dropped to $11.0B from $11.6B.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett's Berkshire Posts Loss as Stocks Fall, Operating Profit Rises</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett's Berkshire Posts Loss as Stocks Fall, Operating Profit Rises\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-11-04 20:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b61137df7ec243a6b1ee2c0190c347ad\" title=\"\" tg-width=\"750\" tg-height=\"539\"/></p><p>Warren Buffett&#39;s Berkshire Hathaway Inc on Saturday posted its first overall quarterly loss in a year as the prices of stocks it owns fell, while improved results from insurance operations bolstered operating profit.</p><p>Berkshire said its third-quarter net loss was $12.77 billion, or $8,824 per Class A share, and compared with a $2.8 billion loss a year earlier.</p><p>Operating profit rose 41% to $10.76 billion, or $7,444 per Class A share, from $7.65 billion a year earlier.</p><p>Berkshire said it repurchased $1.1 billion of its stock in the quarter, and has bought back about $7 billion this year.</p><p>Berkshire held a record level of cash at the end of September — $157.2 billion — topping the $149.2 billion high set in the third quarter of 2021.</p><h2 id=\"id_1890870112\">Operating earnings by business segment:</h2><ul style=\"\"><li><p>Insurance - underwriting: $2.42B vs. -$1.07B a year ago;</p></li><li><p>Insurance - investment income: $2.47B vs. $1.41B a year ago,</p></li><li><p>Railroad: $1.22B vs. $1.44B</p></li><li><p>Utilities and energy: $498M vs. $1.60B in Q3 2022;</p></li><li><p>Pilot Travel Centers: $183M vs.nil.</p></li><li><p>Other controlled businesses: $3.34B vs. $3.25B a year ago;</p></li><li><p>Non-controlled businesses: $226M vs. $346M in Q3 2022;</p></li><li><p>Other: $400M vs. $679M.</p></li></ul><p>Investment and derivative losses, most of which are unrealized, were $23.5B in Q3 compared with $10.4B in the year-ago quarter. That resulted in a net loss of $12.8B in the most recent quarter, compared with a loss/ of $2.80B a year ago.</p><p>As of Sept. 30, 2023, about 78% of Berkshire Hathaway’s $318.6B of equity holdings, at fair value, were concentrated in five companies — American Express (AXP), Apple (AAPL), Bank of America (BAC), Coca-Cola (KO), and Chevron (CVX); compared with a 78% concentration (same five companies) of a $353.4B portfolio at June 30, 2023.</p><p>Meanwhile, its holdings in Occidental Petroleum (OXY), at fair value, increased to ~$14.5B at Sept. 30 from $13.2B at June 30, and the value of its stake in Kraft Heinz (KHC) dropped to $11.0B from $11.6B.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://seekingalpha.com/news/4030704-berkshire-hathaway-q3-earnings-jump-41-yy-propelled-by-insurance-strength","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146658603","content_text":"Warren Buffett's Berkshire Hathaway Inc on Saturday posted its first overall quarterly loss in a year as the prices of stocks it owns fell, while improved results from insurance operations bolstered operating profit.Berkshire said its third-quarter net loss was $12.77 billion, or $8,824 per Class A share, and compared with a $2.8 billion loss a year earlier.Operating profit rose 41% to $10.76 billion, or $7,444 per Class A share, from $7.65 billion a year earlier.Berkshire said it repurchased $1.1 billion of its stock in the quarter, and has bought back about $7 billion this year.Berkshire held a record level of cash at the end of September — $157.2 billion — topping the $149.2 billion high set in the third quarter of 2021.Operating earnings by business segment:Insurance - underwriting: $2.42B vs. -$1.07B a year ago;Insurance - investment income: $2.47B vs. $1.41B a year ago,Railroad: $1.22B vs. $1.44BUtilities and energy: $498M vs. $1.60B in Q3 2022;Pilot Travel Centers: $183M vs.nil.Other controlled businesses: $3.34B vs. $3.25B a year ago;Non-controlled businesses: $226M vs. $346M in Q3 2022;Other: $400M vs. $679M.Investment and derivative losses, most of which are unrealized, were $23.5B in Q3 compared with $10.4B in the year-ago quarter. That resulted in a net loss of $12.8B in the most recent quarter, compared with a loss/ of $2.80B a year ago.As of Sept. 30, 2023, about 78% of Berkshire Hathaway’s $318.6B of equity holdings, at fair value, were concentrated in five companies — American Express (AXP), Apple (AAPL), Bank of America (BAC), Coca-Cola (KO), and Chevron (CVX); compared with a 78% concentration (same five companies) of a $353.4B portfolio at June 30, 2023.Meanwhile, its holdings in Occidental Petroleum (OXY), at fair value, increased to ~$14.5B at Sept. 30 from $13.2B at June 30, and the value of its stake in Kraft Heinz (KHC) dropped to $11.0B from $11.6B.","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["BRK.A","BRK.B"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":52,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}