Berkshire Hathaway earnings below estimates, cash pile bulges

Berkshire Hathaway's first-quarter revenue was largely flat (down 0.2% from a year ago) at $89.73 billion. Net profit came in at $4.6 billion, earnings per share stood at $2.13 compared to the consensus estimate of $4.72, according to a Tipranks, a artificial intelligence-based data research firm.

Cash, cash equivalents, and short-term securities increased to $347.68 billion compared to $334 billion at the end of December 2024.

Operating earnings fell 14% from a year earlier, to $9.6 billion, the conglomerate said in a statement Saturday ahead of its annual meeting in Omaha, Nebraska.

The fair value of the investment firm's five largest holdings — American Express Company, Apple Inc., Bank of America Corporation, The Coca-Cola Company and Chevron Corporation— accounted for 69% of the portfolio.

The article will be updated with more details.