Brka reports , another headline

Berkshire reports operating earnings jump, buys back another $1 billion in stock

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Sorry, I’m struggling to use this new format. This article is on cnbc, someone else will share it. :disappointed_relieved:

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From Barrons,
“Operating profit rose 20% in the third quarter, to $7.8 billion after taxes, topping expectations. The gain was helped by increased investment income as the company benefited from the impact of higher short-term interest rates.
Berkshire generated the outsize profit gain despite suffering $3.4 billion of losses before taxes — and $2.7 billion after taxes — from Hurricane Ian.”

And this take from Yahoo,
"Berkshire Hathaway posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting.

The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 per share, a year earlier. Operating profit rose 20% to $7.76 billion."

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Thank you, obviously , you, are a stablegenius, and I’m a, :sauropod:.

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Wow, the earnings power of Berkshire is chugging along despite the slowdown at BNSF. A 20% gain YOY?!?

:money_mouth_face:

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This is really quite remarkable. 20% year-over-year gain WITH the 2.7 billion after tax loss on hurricane Ian??!!! Operating earnings keep producing. And the higher interest rates are going to be a nice tail wind for Berkshire going forward.

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Bought back even more shares in Q4 as of Oct 26.
Bought 2132 Equivalent A’s - 3,199,092 Equivalent B’s for +/- $616 MM…
Please check my math

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Berkshire Hathaway Q3 earnings BRK (cnbc.com)

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Of the 20% gain, only 9% is BNSF, utilities and MSR ($534m)
There’s a $679M gain from “Other**”

“Includes foreign currency exchange gains related to non-U.S. Dollar denominated debt in 2022 of approximately $858 million in the third quarter and approximately $2.4 billion in the first nine months and in 2021 includes foreign currency exchange gains of approximately $196 million in the third quarter and approximately $676 million in the
first nine months.”

2021 saw big insurances losses, also.

image

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BRK is stuck in low growth, low margin businesses.
You should not expect high growth from them especially given the large size.

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Recent BRK outperformance has come from good old fashioned stock picking. Hitting the ball put of the park with Apple and Oil.

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