• Buffett's company reports a $1.1B 1Q loss on paper losses

    10 monthes ago - By Chron

    OMAHA, Neb. - Berkshire Hathaway Inc. reported a $1.1 billion first-quarter loss as new accounting rules forced it to change the way it accounts for the value of its investments.
    Warren Buffett's conglomerate reported the loss of 46 cents per Class B share on Saturday shortly before its annual meeting in Omaha, Nebraska. A year ago, Berkshire reported $4.06 billion in net income, or $1.65 per Class B share.
    Buffett has long said Berkshire's operating earnings offer a better view of quarterly performance because they exclude investments and derivatives, which can vary widely.
    By that...
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  • Berkshire operating profit soars, accounting change causes net loss

    10 monthes ago - By Reuters

    OMAHA, Neb. - Berkshire Hathaway Inc on Saturday ended its more than year-long stretch of falling operating profit, while a new accounting rule caused the conglomerate chaired by Warren Buffett to suffer an overall net loss.
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