Buffett's Berkshire posts nearly $50 billion loss on coronavirus, operating profit rises

A year earlier, net earnings totaled $21.66 billion, or $13,209 per share. Quarterly operating profit, which Buffett considers a better performance measure, rose 6% to $5.87 billion, or about $3,624 per Class A share $5.56 billion, or about $3,388 per share. An accounting rule requires Berkshire to report unrealized stock losses and gains with earnings. …read more

Source:: Yahoo Finance

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