Great ariticle, would you like

Like
Comment
Favorite

MrHo
2023-11-05

Great ariticle, would you like to share it?

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":238009281384624,"tweetId":"238009281384624","gmtCreate":1699143464702,"gmtModify":1699143469955,"author":{"id":4097800332242650,"idStr":"4097800332242650","authorId":4097800332242650,"authorIdStr":"4097800332242650","name":"MrHo","avatar":"https://community-static.tradeup.com/news/7508e872de9a6085e5a96e7182bacbbe","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":6,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.08.20","exceedPercentage":"80.01%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":4,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Great ariticle, would you like to share it?</p></body></html>","htmlText":"<html><head></head><body><p>Great ariticle, would you like to share it?</p></body></html>","text":"Great ariticle, would you like to share it?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/238009281384624","repostId":1146658603,"repostType":2,"repost":{"id":"1146658603","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1699099753,"share":"https://www.laohu8.com/m/news/1146658603?lang=&edition=full","pubTime":"2023-11-04 20:09","market":"us","language":"en","title":"Buffett's Berkshire Posts Loss as Stocks Fall, Operating Profit Rises","url":"https://stock-news.laohu8.com/highlight/detail?id=1146658603","media":"Reuters","summary":"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.","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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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.A":"伯克希尔","BRK.B":"伯克希尔B"},"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":252,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":36,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}