The conglomerate’s quarterly loss widened, stung by the stock market downturn
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https://www.wsj.com/finance/stocks/warren-buffetts-berkshire-hathaway-sits-on-record-157-billion-cash-pile-3777dd4bWarren Buffett says 0perating earnings—which exclude some investment results, rose to $10.8 billion from $7.7 last year—are a better gauge of the company’s performance.Warren Buffett’s Berkshire Hathaway ended the third quarter with a record cash pile and reported a deeper net loss due to the sputtering stock market rally.
The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and sportswear maker Brooks Running, posted a net loss of $12.8 billion, or $8,824 a class A share equivalent. That compared with a loss of $2.8 billion, or $1,907 a share,This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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