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Berkshire Hathaway's Operating Profit Falls in Q1
NEW YORK (Reuters) -Warren Buffett's Berkshire Hathaway on Saturday reported a lower operating profit in the first quarter, hurt by weaker results from its insurance operations. Operating profit for the Omaha, Nebraska-based conglomerate dropped 14.1% to $9.64 billion from $11.22 billion a year earlier.
Berkshire Hathaway Operating Profit Fell 14% in First Quarter. Cash Hit a Record $348 Billion.
Berkshire Hathaway’s operating profit fell 14% in the first quarter to $9.6 billion on reduced insurance underwriting profits and currency losses related to the company’s non-dollar debt. The company didn’t repurchase any stock in the period–and hasn’t bought back any stock now since May 2024.
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