Berkshire Hathaway profit rises, helped by stock gains

Reuters | Updated: 01-03-2021 10:58 IST | Created: 27-02-2021 18:37 IST
Berkshire Hathaway profit rises, helped by stock gains

Warren Buffett's Berkshire Hathaway Inc on Saturday said quarterly operating income rose 14%, while soaring prices of stock holdings such as Apple Inc led to a higher overall profit.

Fourth-quarter operating income rose to $5.02 billion from $4.42 billion a year earlier, it said.

Net income, reflecting the stock gains, rose 23% to $35.84 billion from $29.16 billion a year earlier.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)



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