Berkshire Hathaway (BRKB.US), Warren Buffett's investment firm, is gaining nearly 5.5% on the stock market after reporting better-than-expected quarterly results over the weekend. If the current pre-market gains hold, it could lead to a new record high for the stock. Additionally, the company reported a new record cash hoard of $167.6 billion. Warren Buffett stated in his shareholder letter that there are currently no attractive investment opportunities in the market that Berkshire deems suitable for allocation.
FOURTH QUARTER RESULTS
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوال- Operating income of $8.48 billion, a 21% decrease compared to the previous quarter, estimated at $7.89 billion (higher due to increased insurance underwriting earnings and investment income)
- Insurance underwriting operating income of $848 million, a 65% decrease compared to the previous quarter
- Insurance investment operating income of $2.76 billion, a 12% increase compared to the previous quarter
- Railroad operating income of $1.36 billion, an 11% increase compared to the previous quarter
- Utilities and energy operating income of $632 million, a 27% increase compared to the previous quarter
- Other operating income of -$804 million compared to $400 million in the previous quarter
- Net income of $37.57 billion compared to a loss of $12.77 billion in the previous quarter
- Insurance float of $169 billion, a 1.2% increase compared to the previous quarter
Other key financial measures of the company and analyst forecasts. Source: Bloomberg Financial LP
Berkshire Hathaway (BRKB.US) shares are trading near their historical highs. Today's reaction to the quarterly results could push the stock even higher. Source: xStation
