Berkshire Hathaway's First-Quarter Results: Highlights and Major Moves
Saturday, 4 May 2024, 15:15
Overview:
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) reported first-quarter results, including key figures and investment moves.
Headline Figures:
- Berkshire's revenue grew by 5%.
- Operating earnings surged by 39% year over year.
Apple Investment:
- Berkshire trimmed its Apple investment by 13%.
- The company accelerated buybacks, spending $2.6 billion in the first quarter.
Cash Position:
Berkshire's cash hoard reached $189 billion at the end of the quarter, an all-time high.
Conclusion:
Berkshire Hathaway's strategic moves in the first quarter, including the Apple trim and cash reserve growth, reflect Warren Buffett's cautious investment approach amidst market conditions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.