Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion
Publishing timestamp: 2024-05-04 11:45:09
Summary
Berkshire Hathaway reported a surge in operating earnings in the first quarter, with a 39% increase to $11.22 billion. The company's cash holdings also reached a record high of $188.99 billion, leading to speculation about potential major acquisitions. Warren Buffett will address shareholders at the upcoming annual meeting.
Sentiment: POSITIVE
Tickers: BRK.A,
Keywords: business news, stock markets, berkshire hathaway inc, breaking news: markets, wall street, earnings, investment strategy, markets,
Source: https://www.cnbc.com/2024/05/04/berkshire-hathaway-brka-earnings-q1-2024.html