Berkshire Hathaway fourth-quarter operating earnings fall 8%

Berkshire Hathaway fourth-quarter operating earnings fall 8%- Check out in detail

Berkshire Hathaway fourth-quarter operating earnings fall 8%, cash hoard swells to nearly $130 billion

[{"selector":"#anim-6587dc2c-8766-4929-af80-0906fa70725d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Arrow

Berkshire Hathaway’s operating earnings totaled $6.7 billion in the fourth quarter of 2022, a release read Saturday.

[{"selector":"#anim-404d619d-7e4f-40e0-8e21-2f2748422736 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Arrow

Operating earnings refers to the total profits made from the businesses owned by the conglomerate.

[{"selector":"#anim-b6742ca4-6384-454d-967f-873836593397 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.828855291908941%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Arrow

Earnings from Berkshire’s railroad, utilities and energy businesses came in at $2.2 billion in the fourth quarter of 2022

[{"selector":"#anim-7d564ec7-5152-4ba4-8e5f-866a58eb0706 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Arrow

For the year, the conglomerate’s operating earnings totaled $30.793 billion. That’s up 12.2% from $27.455 billion in 2021.

[{"selector":"#anim-54b5526b-514b-42cd-a7e3-c9c0085cab70 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Arrow

[{"selector":"#anim-52be6a27-e275-423f-a15f-0a2ccd4fcfae [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.289523495234523%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Despite this, Berkshire’s cash hoard grew to $128.651 billion in the fourth quarter of 2022. That’s up from nearly $109 billion in the third quarter. Arrow

Buffett said in his annual shareholder letter that Berkshire will continue to hold a “boatload” of cash and U.S.

[{"selector":"#anim-6673350b-0719-4fd0-8f2b-4e9fcf86bd30 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Arrow

He specified that future CEOs in the company will have a “significant part” of their net worth in Berkshire shares.

[{"selector":"#anim-bb81d039-5239-4a14-8d13-ac576a068eca [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.319323505611145%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Arrow

Hope you people found the story informative. For more such interesting stuff, click on the link given below

[{"selector":"#anim-feb66cbe-b19a-46f6-9160-1afbb846bb3c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Arrow SWIPE UP