Profit jumps 82% at Warren Buffett’s Berkshire Hathaway, but pandemic hurts business – MarketWatch
OMAHA, Neb. Warren Buffetts conglomerate reported an 82% jump in its third-quarter profit as the value of its investment portfolio soared, but Berkshire Hathaway said the coronavirus pandemic continued to hurt its assorted businesses, such as BNSF railroad.Berkshire
BRK.B,
+0.67%
BRK.A,
+0.62%
said Saturday that it earned $30.1 billion, or $18,994 per Class A share, during the quarter. Thats up from $16.5 billion, or $10,119 per Class A share, a year ago. Most of the gains were due to a $24.8…
