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warren-buffett’s-berkshire-reports-$44b-loss-as-value-of-investments-falls

Warren Buffett’s Berkshire reports $44B loss as value of investments falls

By BizTech Weekly Aug 7, 2022

Warren Buffett’s Berkshire Hathaway reported a $43.76 billion loss in the second quarter as the value of the company’s investments plummeted. Berkshire said its revenue grew more than 10% to $76.2 billion in the quarter as many of its businesses increased prices. The company’s operating earnings were up significantly to $9.28 billion, or $6,312.49 per Class A share from last year’s $6.69 billion. It was a rough quarter for shares of three of Berkshire’s biggest investments — Apple, American Express and Bank of America. Berkshire owns more than 90 companies outright, including its insurance companies, utilities and BNSF railroad. It sat on $105.4 billion cash at the end of the quarter. . . .

Read more at www.foxbusiness.com

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