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Published 14 days ago

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

Summary by KIFI
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments. At the same time, the company said Saturday that most of the businesses it owns outright did well. A few hours before shareholders got the chance to hear from CEO Warren Buffett at the annual meeting in Omaha, Berkshire reported a $12.7 billion profit, or $8.825 per Class A share, in the quarter. Th…

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Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple

OMAHA, Neb. (AP) — Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well.The company reported reported a $12.7 billion profit, or $8.825 per Class A share, in the quarter. That’s roughly one-third of last year's...

14 days ago·United States
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KIFIKIFI

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments. At the same time, the company said Saturday that most of the businesses it owns outright did well. A few hours before shareholders got the chance to hear from CEO Warren Buffett at the annual meeting in Omaha, Berkshire reported a $12.7 billion profit, or $8.825 per Class A share, in the quarter. Th…

14 days ago·Idaho Falls, United States
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