Skip to content
Berkshire slides to second-quarter loss


(RTTNews) – Billionaire Warren Buffett’s Berkshire Hathaway Inc. (BRK.A, BRK.B) reported its second-quarter net loss attributable to shareholders was $43.76 billion or $29,754 per Class A share , compared to net income of $28.09 billion or $18,488 per Class A share in the same quarter last year.

The investment and derivatives loss for the last quarter was $53.04 billion. The prior year result included a gain of $21.0 billion due to changes in unrealized gains that existed in equity investments.

Operating profit for the quarter reached $9.28 billion, compared to $6.69 billion a year earlier.

Total revenue for the quarter was $76.18 billion, compared to $69.11 billion a year earlier.

For more earnings news, earnings calendar and stock earnings, visit rttnews.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


nasdaq

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.