Advertisement
New Zealand markets close in 21 minutes

  • NZX 50

    11,763.05
    -72.99 (-0.62%)
     

  • NZD/USD

    0.5885
    -0.0021 (-0.35%)
     

  • NZD/EUR

    0.5530
    -0.0015 (-0.27%)
     

  • ALL ORDS

    7,807.40
    -91.50 (-1.16%)
     

  • ASX 200

    7,557.20
    -84.90 (-1.11%)
     

  • OIL

    84.71
    +1.98 (+2.39%)
     

  • GOLD

    2,401.90
    +3.90 (+0.16%)
     

  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     

  • DAX

    17,837.40
    +67.38 (+0.38%)
     

  • Hang Seng

    16,184.02
    -201.85 (-1.23%)
     

  • NIKKEI 225

    37,136.25
    -943.45 (-2.48%)
     

  • NZD/JPY

    90.8480
    -0.4060 (-0.44%)
     

Why Berkshire Hathaway’s Investments Declined in 1Q18

Robert Karr
Updated
Why Berkshire Hathaway’s Investments Declined in 1Q18

Berkshire Hathaway (BRK.B) announced its 1Q18 results on May 4. During the quarter, its operating profit rose 49% YoY (year-over-year) to $5.3 billion, boosted by insurance, BNSF Railway, and operating efficiency. However, it posted an overall loss of $1.1 billion, mainly due to changes in accounting rules to accommodate mark-to-market gains or losses in quarterly earnings. Berkshire Hathaway CEO Warren Buffett has expressed concerns about the new rules, expecting wild swings in profits every quarter.

Continue reading