When
Berkshire Hathaway
experiences its third-quarter earnings on Saturday, buyers received’t be spending plenty of time trying on the backside line. The conglomerate’s inventory buybacks, fairness purchases, and losses from Hurricane Ian and different storms will get extra consideration.
The corporate (ticker: BRK. A, BRK. B) has demonstrated its standing as a haven this yr. The Class A shares are down 5% to $428,800, in opposition to a 21% drop within the
S&P 500
It’s sitting on a mountain of money—over $100 billion—and its earnings have been robust, rising 56% within the second quarter helped by elevated revenue from greater short-term rates of interest and a bigger fairness portfolio.
