Fabrib
Forumer storico
Berkshire Hathaway Q1 operating earnings rose slightly from a year ago as its manufacturing and retail businesses thrived, but insurance underwriting earnings declined. The company that owns Geico, Precision Castparts, and furniture stores found opportunity to spend some of its mountain of cash.
The diversified insurance, industrial, and investment company built by Warren Buffet had cash and short-term securities holdings of ~$106.3B at March 31, 2021, down 28% from ~$146.7B at Dec. 31, 2021. (Added 8:30 AM ET)
The company used about $3.2B of its cash to buy back its common stock in the first quarter of 2022, less than the $6.9B of stock it repurchased in Q4 2021. That comes during a quarter in which the company built by Warren Buffett also made big purchases of Occidental (OXY) shares and $4.2B of HP Inc. (HPQ), as well as agreeing to buy Alleghany (Y) for $11.6B.
Berkshire Hathaway's (BRK.B) filing also showed its stake in Chevron (CVX), with a fair value of $25.9B, has become one of its top four investments in other companies' stock. (Added at 8:54 AM)
Q1 operating earnings of $7.04B vs. $7.29B in Q4 2021 and $7.02B in Q1 2021,
The diversified insurance, industrial, and investment company built by Warren Buffet had cash and short-term securities holdings of ~$106.3B at March 31, 2021, down 28% from ~$146.7B at Dec. 31, 2021. (Added 8:30 AM ET)
The company used about $3.2B of its cash to buy back its common stock in the first quarter of 2022, less than the $6.9B of stock it repurchased in Q4 2021. That comes during a quarter in which the company built by Warren Buffett also made big purchases of Occidental (OXY) shares and $4.2B of HP Inc. (HPQ), as well as agreeing to buy Alleghany (Y) for $11.6B.
Berkshire Hathaway's (BRK.B) filing also showed its stake in Chevron (CVX), with a fair value of $25.9B, has become one of its top four investments in other companies' stock. (Added at 8:54 AM)
Q1 operating earnings of $7.04B vs. $7.29B in Q4 2021 and $7.02B in Q1 2021,