Berkshire’s Q3 Operating Earnings Miss Estimates

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Nov. 1 (Bloomberg) –- Bloomberg’s Olivia Sterns reports on Berkshire Hathaway earnings. She speaks on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

But this is "taking stock" on bloomberg.

I'm pimm fox.

News that we are following, berkshire hathaway posts earnings at the beginning of the hour.

Let's go to olivia sterns for the details.

They missed by about $175 per share on earnings for the quarter, but that is just a drop in the bucket when you're shares are trading at $175,000 apiece.

The bigger problem for berkshire hathaway is, yes, it's a conglomerate, but he likes to take bets that reflect on the u.s. economy and right now, the u.s. economy is slowing.

Aggregate investment according to bloomberg is that the economy only grew at an annualized rate of 1.9% in the third quarter.

As you were talking about with your guests, he owns everything from railroads to heinz to dairy queen, building supply, electricity.

This is a company that has everything from running shoes to diamond rings.

The other thing is that this cash pile continues to grow.

It is now up to $201 billion, up from $128 billion five years ago.

We know that he wants to make a

This text has been automatically generated. It may not be 100% accurate.


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