punished Berkshire Hathaway’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $US43.8 billion loss.
Investors closely watch Berkshire because of Buffett’s reputation, and because results from the Omaha, Nebraska-based conglomerate’s dozens of operating units oftenThose units include steady earners such as its namesake energy company, several industrial companies, and familiar consumer brands such as Dairy Queen, Duracell, Fruit of the Loom and See’s Candies.“Berkshire is a microcosm of the broader economy,” said Cathy Seifert, a CFRA Research analyst with a “hold” rating on Berkshire.
Accounting rules require Berkshire to report the losses with its results even if it buys and sells nothing.
Not an accurate measurement as Berkshire has to report unrealised losses and gains as an actual loss or gain for the quarters NP.