Warren Buffett’s firm to report earnings on Saturday morning
OMAHA, Neb. (AP) — Investor Warren Buffett’s company plans to release its third-quarter earnings report on Saturday morning.
Berkshire Hathaway investors will be looking for any clues about what Buffett might invest the company’s massive pile of more than $100 billion cash in.
The report may also hint at whether Buffett has been repurchasing any of Berkshire’s shares in the last three months. Berkshire loosened its rules on buybacks in July.
Berkshire holds a large investment portfolio in addition to owning more than 90 companies, including Geico insurance, BNSF railroad, several utilities and manufacturers.
Buffett says investors should pay more attention to operating earnings, which exclude the tax changes and investment values, to get a better sense of how Berkshire’s businesses are performing.