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Tuesday, January 31, 2023

Berkshire Hathaway (NYSE: BRK-A) Announces Profit Increase

Berkshire Hathaway Inc. (NYSE: BRK-A) CEO Warren Buffet stated on Saturday that thanks to the surging prices of stock holdings such as Apple Inc (NASDAQ: AAPL) resulted in a higher overall profit. Warren disclosed that the quarterly operating income of the firm increases by 14%.

The operating income of Q4 climbed to $5.02 billion from $4.42 billion a year earlier. Net income, indicating the stock increases, soared 23% to $35.84 billion from $29.16 billion a year before. The reputable investor Warren Buffett said BRK-A and BRK-B are different from the usual corporations that have won terrible reputations.

Shares of Berkshire Hathaway (NYSE: BRK-A) last closed at $0.88, in a 52-week range of $239440.00 to $377356.94. BRK-A has lost -3220.00 during the trading session of Friday. The firm has a total market capitalization of $572.39 billion at the time of writing.

Furthermore, the annual meeting of BRK-A and BRK-B is scheduled to take place on May 1, 2021. The CNBC anchor Becky Quick communicating the shareholder questions in the meeting. The airing will commence at 1 p.m. ET and ended at 5:30 p.m. ET.

Last year, Warren Buffett’s Berkshire Hathaway Inc. purchased back a record $24.7 billion of its own stock last year. CEO disclosed that this is not the end.  The firm bought $9 billion of shares in Q4 equaled a record set in the earlier three-month period.

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