Berkshire Hathaway Reports Doubled Q1 Profits, Record Cash Pile
Berkshire Hathaway announced a significant rebound in its first-quarter earnings, with profits doubling and operating earnings increasing by 18% year-over-year. The company's cash pile also surged to a record high of nearly $400 billion, driven by continued stock sales.
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Berkshire cash pile climbs to $380bn as stock sales streak hits 14th quarter
Greg Abel to address shareholders at first gathering since he succeeded Warren Buffett
Read full article →Berkshire Hathaway continued selling stocks and stacking cash in its first quarter without Warren Buffett at the helm
A welcome sign at Berkshire Hathaway's annual meeting featuring Warren Buffett (left) and Greg Abel. Theron Mohamed/Business Insider Berkshire Hathaway published its first quarterly earnings without Warren Buffett as CEO on Saturday. New CEO Greg Abel sold stocks, fueling a rise in the cash pile to another record. On Saturday, Abel hosts his first Berkshire shareholder meeting. Greg Abel's tenure as Berkshire Hathaway's CEO is off to a robust start. Abel, who succeeded Warren Buffett at the...
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