Berkshire profit down 64%; Buffett sells Apple shares

By Associated Press

May 06, 2024 12:23 am

OMAHA, Nebraska: Berkshire Hathaway's first-quarter profits plummeted along with the paper value of its investments, but the company said Saturday (Sunday in Manila) that most of the businesses it owns outright performed well.

The company reported a $12.7-billion profit, or $8.825 per Class A share, in the quarter. That's roughly one-third of last year's $35.5 billion, or $24,377 per A share.

Michelle King of San Francisco does yoga at the See’s Candy booth before the arrival of shareholders for the Berkshire Hathaway annual meeting on Sunday, May 5, 2023, in Omaha, Nebraska. AP PHOTO

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