After admitting defeat on IBM earlier, Berkshire Hathaway reported Q1 operating earnings of $2,163 (against consensus expectations of $2705, and below the lowest analyst estimate).
- *BERKSHIRE 1Q NET INCOME $4.06B
- *BERKSHIRE 1Q OPER EPS $2,163, EST. $2,705
- *BERKSHIRE'S IBM HOLDING HAD FAIR VALUE OF $11.2B AT MARCH 31
The stock is limping lower after hours...
This is the weakest quarterly EPS since Q2 2015...
Additionally GAAP Net Income was just $4,060 (notably less than the consensus $4,668).