Berkshire Hathaway Trims Its Apple Investment and Has $189 Billion in Cash
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) reported first-quarter results on Saturday, and there's quite a bit to unpack. In addition to the headline revenue and earnings numbers, investors always watch Berkshire's cash stockpile, buyback activity, and the operating income from its subsidiary businesses.
With that in mind, here's a rundown of the key numbers, a major investment move that was revealed, and the important information we don't know yet.
Warren Buffett himself has cautioned investors not to pay too much attention to the company's net income (earnings per share, or EPS), as it includes unrealized investment gains and losses from Berkshire's massive stock portfolio. That's especially true for the first quarter, as an excellent first quarter of 2023 resulted in an EPS decline of 64% -- even though Berkshire's business performed quite well, as we'll see in the next section.
Source Fool.com
Berkshire Hathaway Inc. A Stock
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