Post a Free Blog

Submit A Press Release

Thursday, March 28, 2024
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
-- Advertisement --spot_img
HomeBusinessWarren Buffet’s Berkshire Hathaway Profits Up By 82% But Pandemic Affects Assorted...

Warren Buffet’s Berkshire Hathaway Profits Up By 82% But Pandemic Affects Assorted Businesses

 

Source Flickr

 

Berkshire Hathaway has announced an 82% rise in profits in its third quarter results. However, the conglomerate said that the pandemic has hurt some of its assorted businesses.

On Saturday Berkshire said that it had earned $30.1 billion which translates to $18,994 per Class A share during the third quarter. These gains were mainly due to improvements of its large stake investments in companies including Apple and Bank of America.

 Berkshire’s utility unit reported $1,395 billion in profits. This is an increase of 18% from last year and was fueled by higher tax credits for wind energy and several renewable power projects in the anvil. Two companies that struggled during the pandemic were Precision Castparts aircrafts parts manufacturing company and BNSF railroad both of whom registered large drops in pre-tax revenues.

 Berkshire owns more than 90 companies in various sectors including insurance, furniture, manufacturing and jewelry. It also has major investments in several large and successful conglomerates including American Express, Moody’s and Coco Cola. It also has above 5 % stakes in 5 large Japanese trading houses. It is comfortably placed with $145.7 billion in cash and short-term investments despite repurchases and investments.

Subscribe to get Latest News Updates

Latest News Articles

You may like more
more

Google code on Pinterest app suggests potential test of ad units, CWEB analysts say

Google and Pinterest might be testing a new partnership....

DraftKings Falls, NCAA Wants to Ban College Prop Bets. CWEB analysts issue Hold Rating on the stock.

Shares of DraftKings Inc.(DKNG) experienced a significant decline on...

Chick-Fil-A backtracks on NAE pledge, to use some antibiotics in chicken

Chick-Fil-A backtracked on its No Antibiotics Ever (NAE) policy...

Bloom Energy’s Price Target Cut at Susquehanna

Susquehanna analysts adjusted their price target for Bloom Energy...