Industrials
Buffett Takes Berkshire Hathaway Earnings Higher
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Berkshire Hathaway just came out and posted some pretty incredible results. The company posted net earnings of $2.595 Billion, but net earnings from operations and outside of investment gains came in at $2.213 Billion. This compares to net of $2.313 billion net and $1.787 Billion new from operations in Q1 2006. On an earnings per share basis for class A shares, the EPS came in at $1,682.00. There are only two readily available estimates with one being $1,413.00 and another being $1,481.44. Its total revenues for the first quarter including gains came in at $32.918 Billion.
The company still sits on $39.58 Billion in cash and equivalents and its total assets after fluff are listed at $199.28 Billion. Total liabilities are $149.424 Billion. You can read through their entire report from their SEC filing here if you wish.
Shares closed up 0.6% at $109,250.00 today, and the 52-week trading range is $88,000.00 to $114,500.00. Sudan or no Sudan, if you’re an investor Buffett’s your man.
Jon C. Ogg
May 4, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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