Berkshire Hathaway beats earnings forecasts
Advertisement
Berkshire Hathaway reported third-quarter earnings above analysts' estimates on Friday afternoon.
Advertisement
The conglomerate headed by Warren Buffett said its earnings per share came in at $2,769 against expectations for $2,721.
The company said it doubled its net income to a record $9.43 billion, on its Heinz holding. Berkshire Hathaway, along with investment firm 3G, bought the ketchup maker for $28 billion in 2013.
More to come ...
Advertisement
NOW WATCH: How to invest like Warren Buffett
Advertisement
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore