Berkshire Hathaway's First-Quarter Results: Highlights and Major Moves

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.