February 25, 2021
Business News

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
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…

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