Berkshire Hathaway Inc. (BRK.A) said on Saturday it returned to profit in the fiscal first quarter on the back of robust performance from its insurance business. The company also extended its share buyback programme by £4.78 billion. The U.S. firm generated £46.76 billion of revenue in Q1. According to Refinitiv, experts had forecast a lower £46.08 billion of revenue instead. Equity investments in the recent quarter stood at £2.03 billion. Berkshire Hathaway Class A shares are currently about 20% up year to date in the stock market. Berkshire’s insurance-underwriting business reports £553 million of operating earnings Are you looking for fast-news, hot-tips and readmore
January 31, 2023
