Berkshire Hathaway B (NYSE:BRKb) reported on Saturday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Berkshire Hathaway (NYSE:BRKa) B announced earnings per share of $-20.44 on revenue of $67.27B. Analysts polled by anticipated EPS of $2.52 on revenue of $63.31B. That with comparison to EPS of $2.26 on revenue of $70.77B in the same period a year before. Berkshire Hathaway B had reported EPS of $1.81 on revenue of $65.27B in the previous quarter. Analysts are expecting EPS of $2.45 and revenue of $64.04B in the upcoming quarter.
Berkshire Hathaway B shares are down 19% from the beginning of the year , still down 21.13% from its 52 week high of $231.61 set on January 17. They are under-performing the S&P 500 which is down 12.76% year to date.
Berkshire Hathaway B shares gained 1.28% in pre-market trade following the report.
Berkshire Hathaway B follows other major Financial sector earnings this month
Berkshire Hathaway B's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
Mastercard had beat expectations on Wednesday with first quarter EPS of $1.83 on revenue of $4.01B, compared to forecast for EPS of $1.72 on revenue of $3.96B.
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