Home » Business

Berkshire Hathaway Inc. (BRK.A) (BRK.B) Misses Q3 Earnings Estimates

Updated on

After the market closed on Friday afternoon Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) buried its numbers once again and released its earnings report for the third quarter of the year. The company showed earnings of $2,228 per share for the three month period. On today’s market A class shares in Warren Buffett’s company traded flat and finished at $173,122.50.

Berkshire Hathaway Inc. (BRK.A) (BRK.B) Misses Q3 Earnings Estimates

There aren’t all that many analysts following Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), but the three surveyed by Bloomberg were looking for earnings per Class A share of $2,442.98 for the third quarter. The company beat the estimates of those analysts in the first two quarters of 2013, but failed to meet expectations on EPS in the second half of 2012.

Berkshire Hathaway earnings

In the same three months of 2012 Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) earned $2057 per share on revenue of $44.7 billion. The company is still growing massively, despite the incredible size it has already grown to. In 2012 Berkshire earned $7629 per class A share for the full year. Analysts are expecting the firm to bring in $9409.89 for the full year 2013.

The expectations of growth are based on the company’s incredible record, and the projections of a recovering U.S. economy in the quarters and years to come. Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) has an incredible surplus of cash, and it can’t spend it quickly enough according to a recent report from Bloomberg.

Berkshire Hathaway performance

Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) is so diversified that the company can be used as a proxy for the entire U.S. economy. The firm usually outperforms the economy as a whole, but can be used as a general bellwether. Since January 1 the company’s shares have risen by close to 30%.

Early 2013 saw the company’s shares finally grow past the price it traded at before the financial crisis took hold of the stock. The firm, like wider indices, has posted newer all-time highs through the year. It’s all-time high of $178,900 per share was set just after the company announced it was going to acquire Heinz last July.

There are surely many great things to come from Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), but that won’t stop the discourse around this earnings report being the same as that surrounding every Berkshire Hathaway event. People want to know when Buffett is leaving, and if the company can perform at the same level without him.

Leave a Comment