Berkshire Hathaway Missed Expected Earnings Estimates on the Street

This may seem strange, but Berkshire Hathaway actually missed Wall Street’s expectations when it comes to their third quarter earnings. The Street expected Warren Buffett’s company to earn $2442.98 per Class A share. But that’s not exactly what happened.

Instead, Berkshire came in with Q3 operating earnings results of $2228 per share. This turns out to be $175 less than Wall Street’s expectations. Barclays Bank even said that the company would rake in a profit of $4.3 billion during the quarter.

In the end, it is rare for Berkshire Hathaway to miss like this. But it does happen every once in a while, and it’s nothing to worry about. Please keep that in mind.