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.