Berkshire Hathaway operating earnings drop more than expected as Buffett warns of tariff uncertainty
Publishing timestamp: 2025-05-03 10:12:21
Summary
Berkshire Hathaway reported a steep drop in operating earnings in the first quarter, driven by a plunge in insurance-underwriting profit and losses from Southern California wildfires and foreign exchange. The company warned that tariffs may further impact profits, but its cash hoard reached a record high. Despite the quarterly changes, Berkshire advises investors to look past them.
Sentiment: MIXED
Keywords: s&p 500 index, earnings, wall street, investment strategy, berkshire hathaway inc, markets, business news, stock markets, breaking news: earnings, breaking news: markets,
Source: https://www.cnbc.com/2025/05/03/berkshire-hathaway-brka-earnings-q1-2025.html