Berkshire Hathaway shares climbed in premarket trade Monday after Warren Buffett’s conglomerate reported higher operating profitability and a record cash hoard. Berkshire’s Class A shares were up 1.1% in the premarket. Meanwhile, Class B shares rose around 0.6%.
Berkshire Hathaway shares have already exceeded this year, with each class up more than 10%. This year, the S&P 500 has risen by more than 7%.
Buffett’s Berkshire Hathaway gains as insurance boosts first-quarter profit and cash approaches $200 billion.
PUBLISHED: MON, MAY 6, 20249:14 AM EDTUPDATED 9 MINS AGO
Sarah Min (@_SARAHMIN)
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Berkshire Hathaway shares climbed in premarket trade Monday after Warren Buffett’s conglomerate reported higher operating profitability and a record cash hoard. Berkshire’s Class A shares were up 1.1% in the premarket. Meanwhile, Class B shares rose around 0.6%.
Berkshire Hathaway shares have already exceeded this year, with each class up more than 10%. This year, the S&P 500 has risen by more than 7%.
Warren Buffett poses with Martin, the Geico gecko, before the Berkshire Hathaway Annual Shareholders Meeting on May 3, 2024, in Omaha, Nebraska.
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