Warren Buffett's Berkshire Hathaway Rides Bull Market to Yet Another Solid Quarter

investing.com:

Berkshire Hathaway (NYSE:BRKa) (BRKb) earnings surpassed expectations, raking in a whopping $12 billion in revenue and generating a solid $10 billion in operating profit, which is 6% higher than last year.

The company also experienced robust cash flow growth and saw a significant increase in the value of its stock portfolio, largely driven by the soaring Apple (NASDAQ:AAPL) stock, contributing approximately $33 billion in earnings.

With assets crossing the impressive $1 trillion mark, Berkshire Hathaway stands as a financial giant. However, anyone eyeing its Class A shares would have to dig deep into their pockets and shell out over $500,000 per share.

So, let's dive into the remarkable performance of this financial powerhouse and see what sets it apart from the rest.

InvestingPro data shows a promising trend for Berkshire Hathaway. After hitting lows in 2020, the earnings have seen a sharp upward trajectory, surpassing the $70 billion mark in 2022 and recently crossing the $80 billion mark. On average, earnings hovered around $265.3 billion from December 2018 to 2022.

In terms of margins, the data indicates a bullish trend, with a notable increase of 53% over the past 12 months since the lows observed in July 2022.

Regarding net income, after reaching a peak of $39.6 billion in December 2021 and hitting lows in June 2022, the last 12 months have seen a net income of $35.5 billion. This puts it in close proximity to the average of $39.6 billion observed between December 2018 and 2022.

In terms of diluted earnings per share growth rate for the last quarter, it has surged by more than 500%. Currently, earnings per share (EPS) showed a significant improvement, reflecting a 24.8% increase compared to the average of the past