After the markets close on Friday 7 November, Berkshire Hathaway will post its third-quarter figures. The adjusted earnings for the quarter are expected to fall from $2,634 down to $2,593. The company is also expecting its pre-tax profits to drop from $8.916 billion down to $6.516 billion
This last quarter has seen the UK public become considerably more aware of what Berkshire Hathaway does because of Warren Buffett. His public statements on how poorly his sizable investment in the UK’s largest food retailer, Tesco, had performed caught many by surprise. The fact that the initial investment of over $1.7 billion dropped below $1billion in value ensured plenty of headlines.
One problem that Warren Buffett highlighted in a number of interviews has been the need to find investments that Berkshire Hathaway can invest in, in a large enough size with suitable liquidity.
Shares in Berkshire Hathaway continue to perform well, up over 20% from the start of the year. US equity indices continue to head higher and look set to maintain this pattern for a while to come, increasing the chances of the company's year highs of $145 being broken sooner rather than later.