Shares of Berkshire Hathaway continue to rise higher ahead of the third quarter earnings report that is soon to be released.
On Friday, November 7, Berkshire Hathaway will release its third-quarter figures after the closing bell. For the quarter, the adjusted earnings are expected to drop from $2634 and go down to $2593. As well, the company expects that pretax profits will drop down to $6.516 billion from $8.916 billion.
The public in the United Kingdom have become much more aware of Berkshire Hathaway and everything they do because of the public figure that is Warren Buffett.
Particularly, he’s made a number of public statements about how Tesco has performed. Warren Buffett and Berkshire Hathaway have a sizable investment in the largest food retailer in the UK. Many people have been surprised by his negative outlook. The initial Berkshire Hathaway investment has dropped below $1 billion, but started at $1.7 billion. This has been making headlines for a while and many people now know about it.
In various interviews, one thing that Buffett has highlighted over and over again is Berkshire Hathaway’s need to find investments that they can sink money into, that are the right size and with suitable liquidity.
Berkshire Hathaway shares continue to perform well. The stock is up more than 20% since the year began. US equity indices have also continued to head higher and look poised to continue to maintain this pattern for some time. This will increase the chances of the highs of the company to be broken sooner instead of later.