We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Berkshire Hathaway Inc (class A) | NYSE:BRKA | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
By Nicole Friedman
Warren Buffett's Berkshire Hathaway Inc. said fourth-quarter net earnings rose nearly 15%, boosted in part by the stock market's end-of-year gains.
Berkshire's year-end results were released Saturday alongside Mr. Buffett's closely read annual letter to shareholders.
Berkshire Hathaway reported fourth-quarter net earnings of $6.29 billion, or $3,823 per Class A share equivalent, up from $5.48 billion, or $3,333 a share, in the year-earlier period. Operating earnings, which exclude some investment results, fell to $4.38 billion, or $2,665 a Class A share, from $4.67 billion, or $2,843 a Class A share, in the year prior.
The Omaha, Neb., conglomerate runs a large insurance operation as well as railroad, utilities, industrial manufacturers, retailers and even auto dealerships. It also holds large investments, especially in the stock market.
Berkshire added two companies in 2016 -- metal components maker Precision Castparts Corp., its biggest acquisition ever, and battery maker Duracell -- which helped boost results. Berkshire subsidiaries also made a number of "bolt-on acquisitions."
Book value, a measure of assets minus liabilities that is Mr. Buffett's preferred yardstick for measuring net worth, rose 10.7% to $172,108 a Class A share in 2016, compared with a 12% total return in the S&P 500, including dividends.
For the full year, Berkshire's net earnings dipped to $24.07 billion from $24.08 billion.
Write to Nicole Friedman at nicole.friedman@wsj.com
(END) Dow Jones Newswires
February 25, 2017 08:26 ET (13:26 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Berkshire Hathaway Chart |
1 Month Berkshire Hathaway Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions