Berkshire Hathaway B (NYSE:BRKb) reported on Saturday second quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

Berkshire Hathaway (NYSE:BRKa) B announced earnings per share of $3.24 on revenue of $73.54B. Analysts polled by Investing.com anticipated EPS of $3.17 on revenue of $73.71B.

Berkshire Hathaway B shares are down 2% from the beginning of the year, still down 19.34% from its 52 week high of $362.10 set on March 29. They are outperforming the S&P 500 which is down 13.03% from the start of the year.

Berkshire Hathaway B follows other major Financial sector earnings this month

Berkshire Hathaway B’s report follows an earnings beat by Berkshire Hathaway A on Saturday, who reported EPS of $4861.97 on revenue of $73.54B, compared to forecasts EPS of $4756.64 on revenue of $73.71B.

JPMorgan had missed expectations on July 14 with second quarter EPS of $2.76 on revenue of $30.72B, compared to forecast for EPS of $2.89 on revenue of $31.86B.

Original Article – Investing.com


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