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Berkshire Inches Toward $1 Trillion Valuation After Results.

Authors :
Patnaik, Subrat
Metcalf, Tom
Bradham, Bre
Source :
Bloomberg.com; 2/26/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Berkshire Hathaway Inc., the conglomerate led by Warren Buffett, saw its shares rise by 5.5% in premarket trading, bringing it closer to a $1 trillion valuation. The company reported higher operating earnings, which contributed to the stock's upward trajectory. If Berkshire reaches a market capitalization of $1 trillion, it would be the first non-tech US company to achieve this milestone. However, the company's size makes it challenging to find significant deals, and Buffett emphasized the importance of fiscal conservatism in his annual letter to shareholders. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
175677245