In this news, we discuss the Berkshire operating results fall even as Apple boosts profit.
(Reuters) – Berkshire Hathaway Inc reported lower operating profit on Saturday as the coronavirus pandemic is expected to weigh on some of its companies, although gains in stocks such as Apple Inc fueled a big quarterly net profit.
Berkshire said operating profit fell 32% to $ 5.48 billion from $ 8.07 billion a year earlier.
Reporting by Jonathan Stempel in New York; edited by Jason Neely
Original © Thomson Reuters