Wall Street analysts have a cautious view on Berkshire Hathaway , though they praised a solid earnings report over the weekend from Warren Buffett 's conglomerate. The Omaha-based firm on Saturday reported a 28% jump in operating earnings, rising to $8.48 billion in the fourth quarter from $6.63 billion...
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska.David A. Grogan | CNBCBerkshire Hathaway shares rose on Monday after Warren Buffett's conglomerate posted strong earnings for the fourth quarter over the weekend.Berkshire's Class A and B shares jumped more than 1.5%, each. Class...
Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, NE.David A. Grogan | CNBCBerkshire Hathaway on Saturday reported a big rise in operating earnings in the fourth quarter, thanks to huge gains in its insurance business, while its cash pile expanded to record levels.The Omaha-based conglomerate...
Check out the companies making headlines before the bell: Lyft — Shares surged 21% after the ride-hailing company posted stronger-than-expected fourth-quarter results and issued better-than-expected guidance. In its most recent quarter, Lyft posted adjusted earnings of 18 cents per share, more than the LSEG consensus estimate of 8 cents...
Check out the companies making headlines before the bell: PepsiCo — Shares slipped 1.4% after the beverage and snacks giant reported mixed fourth-quarter results. Revenue came in at $27.85 billion, missing the LSEG consensus estimate of $28.4 billion. Adjusted earnings per share was $1.78, versus the $1.72 expected. Pepsi...
Check out the companies making headlines in midday trading. Palantir — Shares of the data analytics provider surged more than 24% after the company reported $608.4 million in revenue for the quarter, versus the $602.4 million expected by analysts surveyed by LSEG, formerly known as Refinitiv. Guidance for 2024...
Check out the companies making headlines before the bell: Estee Lauder — The cosmetics stock jumped 15% after Estee Lauder beat expectations with its latest results. In its second quarter, Estee Lauder reported adjusted earnings of 88 cents per share, topping the FactSet consensus estimate of 54 cents per...
Check out the companies making headlines in after hours trading. Qualcomm — Qualcomm shares fell 2% even after the chipmaker posted fiscal first-quarter results that beat expectations. Adjusted earnings per share of $2.75 were better than the anticipated $2.37 per share LSEG consensus estimate. Adjusted revenue came in at...
Check out the companies making headlines in midday trading. General Motors — Shares of General Motors rose 8% after the automaker topped Wall Street's estimates on the top and bottom lines and offered strong guidance for 2024. The company reported adjusted earnings of $1.24 per share on $42.98 billion...
Check out the companies making headlines after hours. Discover Financial Services — Shares dropped nearly 7% after Discover Financial Services reported fourth-quarter results. The financial services company reported quarterly revenue of $4.20 billion that topped estimates of $4.10 billion, according to analysts polled by LSEG. GAAP earnings of $1.54...