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Berkshire Hathaway profit rises, helped by stock gains

Published 02/27/2021, 08:10 AM
Updated 02/27/2021, 08:15 AM
© Reuters. Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune's Most Powerful Women's Summit in Washington

© Reuters. Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune's Most Powerful Women's Summit in Washington

(Reuters) - Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc on Saturday said quarterly operating income rose 14%, while soaring prices of stock holdings such as Apple Inc (NASDAQ:AAPL) led to a higher overall profit.

Fourth-quarter operating income rose to $5.02 billion from $4.42 billion a year earlier, it said.

© Reuters. Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune's Most Powerful Women's Summit in Washington

Net income, reflecting the stock gains, rose 23% to $35.84 billion from $29.16 billion a year earlier.

Latest comments

I suppose that he is making big bucks on shipping all that oil when Biden shut down the Keystone
What a life to have lived. The opportunities for his generation were a scale like no other.
does it matter? no dividend here. all stays within berk. only price appreciation available to the investor.
nice!!
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