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
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app- 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
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
