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Stock impact report

Berkshire's operating profit slides nearly 30% on insurance underwriting [Yahoo! Finance]

The Kraft Heinz Company (KHC) 
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
Company Research Source: Yahoo! Finance
Operating earnings, in Warren Buffett's last quarter as chief executive officer, from insurance-underwriting more than halved to $1.56 billion from a year earlier, while insurance-investment income was down nearly 25% to $3.07 billion The company also recorded $4.5 billion in impairment charges tied to its investments in Kraft Heinz Co (NASDAQ:KHC) and Occidental Petroleum Corporation (NYSE:OXY). The company reported operating earnings at $10.2 billion for the quarter ended December 31, compared with nearly $14.53 billion from a year earlier. Its net earnings per average equivalent Class A share was at $13,349, compared with $13,695 from a year earlier. Berkshire's earnings are closely looked at because of its wide range of businesses, from insurance and railroads to energy and manufacturing, giving investors a broad view of how the U.S. economy is performing. Related articles Berkshire's operating profit slides nearly 30% on insurance underwriting 5 reasons why Jefferi Show less Read more
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