Posted 2/23/2024, 10:29:00 PM
Berkshire Hathaway Q4 Earnings Soar on Investment Gains; Company Sets Buyback Record
- Berkshire Hathaway reported strong Q4 earnings, with operating profit up 28% and earnings per share up 30%
- Total after-tax earnings more than doubled, largely due to paper gains on investments
- Berkshire bought back $2.2 billion of its own shares in Q4, totaling $9.2 billion for the year
- Berkshire's cash hoard reached a record $167.6 billion
- Buffett will soon release his annual letter to shareholders, his first without longtime partner Charlie Munger