Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record $334 billion
Publishing timestamp: 2025-02-22 09:04:35
Summary
Berkshire Hathaway reported a massive surge in fourth-quarter earnings driven by insurance, with operating profit skyrocketing. Despite a record cash holding, Warren Buffett defended the large cash position and reassured shareholders about future equity investments. Investment gains slowed in the fourth quarter, with a decrease in total earnings compared to the previous year.
Sentiment: MIXED
Tickers: BRK.A,
Keywords: markets, earnings, warren buffett, breaking news: markets, wall street, business news, berkshire hathaway inc, investment strategy, stock markets,
Source: https://www.cnbc.com/2025/02/22/berkshire-hathaway-brka-earnings-q4-2024.html