Hurricanes Take a Toll on Berkshire Hathaway Earnings
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The video discusses Berkshire Hathaway's tradition of reporting earnings after the bell on Fridays, highlighting a recent earnings per share (EPS) that missed analyst estimates. The consensus was $2347, but the actual EPS was $2094, partly due to a $1.44 billion underwriting loss. Berkshire, led by Warren Buffett, does not guide analysts, leading to potential estimate discrepancies. The report attributes the weak EPS to natural disasters like hurricanes Harvey, Irma, Maria, and the Mexico earthquake, which significantly impacted the quarter's results.
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What was the operating loss reported in the insurance underwriting?
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How does Warren Buffett typically approach guiding analysts?
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