Berkshire Hathaway Earnings: Buffett's Top Holdings Hint Positive Q2 Performance
Warren Buffett and Charlie Munger's legendary investment behemoth Berkshire Hathaway (NYSE: BRKa) (BRKb) is poised to reveal its second-quarter 2023 earnings performance during the upcoming weekend, potentially shaping the overall market performance next Monday.
Anticipation runs high as analysts project a solid year-on-year performance, forecasting Berkshire Hathaway to announce earnings per share of $3.99 for the quarter. This expected growth reflects a favorable contrast to the previous quarter's EPS of $3.69.
Yet, despite the positive overall market expectation, top-line numbers remain a big question mark for the company. Analysts believe there might be a slight dip in revenue, projected to be $80.576 billion compared to the previous month's $85.393 billion.
Source: InvestingPro, results screen
Berkshire Hathaway is not just your typical company; it's a diverse holding company with active subsidiaries in insurance, rail freight, power generation and distribution, services, manufacturing, retail, and more.
But what truly influences its financial performance is its substantial portfolio of equities and derivatives.
In this article, we'll focus on Berkshire's investment portfolio, specifically its major holdings like Apple (NASDAQ:AAPL), Bank of America Corp (NYSE:BAC), American Express Company (NYSE:AXP), and Coca-Cola Co (NYSE:KO).
Our close review of how these stocks performed in the market during the second quarter will help us understand their contribution to Berkshire's results.
We'll also take a look at the recent quarterly results of these companies and analyze the insights provided by analysts and the InvestingPro Fair Value for each of them.
Apple
On Thursday, the iPhone maker Apple unveiled its quarterly
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