News Releases from Berkshire Hathaway and Warren Buffett
Berkshire Hathaway Inc.
Third-Quarter 2022 Net Income Rises 20 Percent; Operating Earnings Reach Record High
OMAHA, Neb.--(BUSINESS WIRE)--Oct. 4, 2022--Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) today reported net income of $9.28 billion for the third quarter of 2022, compared to $7.74 billion in the third quarter of 2021. Operating earnings, which exclude realized capital gains and losses, totaled a record $7.76 billion, up 11% compared to $6.99 billion in the third quarter of last year.
About Berkshire Hathaway
Berkshire Hathaway is a multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company is led by Warren Buffett and Charlie Munger and is engaged in a wide range of businesses including insurance, freight rail transportation, energy, manufacturing, and retail.
About Warren Buffett
Warren Buffett is an American investor, business magnate, philanthropist, and the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and is often referred to as the "Oracle of Omaha." Buffett is known for his value investing approach and his long-term investment horizon.
Conclusion
Berkshire Hathaway and Warren Buffett are two of the most successful companies and investors in the world. Their latest earnings reports show that they continue to perform well, despite the challenging economic environment. Their continued success is a testament to their strong management team and their commitment to long-term value creation.
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