Related... Warren Buffett's Berkshire Hathaway posts big profit ahead of shareholder meeting

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https://www.foxbusiness.com/markets/warren-buffetts-berkshire-hathaway-posts-big-profit-ahead-of-shareholder-meeting


By Megan HenneyPublished May 04, 2019Berkshire HathawayFOXBusiness

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Warren Buffett: Berkshire Hathaway cash pile rises $100M per business day
FBN’s Liz Claman talks to billionaire Warren Buffett about Berkshire Hathaway’s massive cash pile.
Warren Buffett Opens a New Window. ’s sprawling Berkshire Hathaway Opens a New Window. posted a big profit in its first-quarter earnings on Saturday, hours before the conglomerate’s annual shareholder meeting in Omaha, Nebraska.

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The company’s net earnings were $21.66 billion, or $13,209 per Class A share, compared to last year’s net loss of $1.14 billion, or $962 per share. Earnings were boosted by unrealized gains of $15.1 billion in the company’s stock portfolio.

This excludes the losses from Kraft Heinz, whose shares plummeted at the beginning of the year following an SEC probe into the company’s accounting policies.

BRK.A
BERKSHIRE HATHAWAY INC.
327,765.61
+3,551.61
+1.10%
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However, Buffett has previously said that a better metric for the company’s success is its operating profit, which rose 5 percent to $5.56 billion.