Warren Buffett’s Berkshire posts record net loss of nearly $50 billion on coronavirus

www.cnbc.com/2020/05/02/warren-buffetts-berkshire-posts-record-net-loss-of-nearly-50-billion-on-coronavirus.html

Warren Buffett’s Berkshire Hathaway posted a higher operating profit on Saturday, but the coronavirus pandemic pummeled its common stock investments and led to a record net loss.

Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share, reflecting $54.52 billion of losses from investments, mainly common stocks. A year earlier, net earnings totaled $21.66 billion, or $13,209 per share.

 

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