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The Financial Post’s Jonathan Ratner looks at some of the day’s top business and financial stories.
Berkshire Hathaway posts profit of $4.01 billion in second quarter
– canadianbusiness.com
OMAHA, Neb. (AP) _ Berkshire Hathaway Inc. (BRK.B) on Friday reported second-quarter earnings of $4.01 billion.
The Omaha, Nebraska-based company said it had profit of $1.63 per share. Earnings, adjusted for investment gains, came to $1.58 per share.
The conglomerate headed by investor Warren Buffett posted revenue of $51.37 billion in the period.
Berkshire shares have decreased slightly more than 4 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 1 per cent. In the final minutes of trading on Friday, shares hit $143.55, a rise of 11 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRK.B at http://www.zacks.com/ap/BRK.B
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Keywords: Berkshire Hathaway, Earnings Report, Priority Earnings
The post Berkshire Hathaway posts profit of $4.01 billion in second quarter appeared first on Canadian Business – Your Source For Business News.
The Omaha, Nebraska-based company said it had profit of $1.63 per share. Earnings, adjusted for investment gains, came to $1.58 per share.
The conglomerate headed by investor Warren Buffett posted revenue of $51.37 billion in the period.
Berkshire shares have decreased slightly more than 4 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 1 per cent. In the final minutes of trading on Friday, shares hit $143.55, a rise of 11 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRK.B at http://www.zacks.com/ap/BRK.B
_____
Keywords: Berkshire Hathaway, Earnings Report, Priority Earnings
The post Berkshire Hathaway posts profit of $4.01 billion in second quarter appeared first on Canadian Business – Your Source For Business News.
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,302.70, down 103.21 points):
Iamgold Corp. (TSX:IMG). Miner. Up eight cents, or 4.06 per cent, to $2.05 on 6.2 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down 27 cents, or 2.88 per cent, to $9.10 on 5.3 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down two cents, or 1.30 per cent, to $1.52 on 3.9 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up six cents, or 2.54 per cent, to $2.42 on 3.9 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 36 cents, or 3.50 per cent, to $9.92 on 3.6 million shares.
North American Palladium Ltd. (TSX:PDL). Miner. Up half-a-cent, or 33.33 per cent, to two cents on 3.4 million shares.
Companies reporting major news:
Potash Corp. of Saskatchewan (TSX:POT). Fertilizer. Down 28 cents, or 0.79 per cent, to $35.08 on 1.2 million shares. Potash Corp. of Saskatchewan Inc. has once again been rejected by K+S AG about its multibillion-dollar takeover offer despite revising its bid for the German fertilizer producer…
Toronto Stock Exchange (14,302.70, down 103.21 points):
Iamgold Corp. (TSX:IMG). Miner. Up eight cents, or 4.06 per cent, to $2.05 on 6.2 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down 27 cents, or 2.88 per cent, to $9.10 on 5.3 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down two cents, or 1.30 per cent, to $1.52 on 3.9 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up six cents, or 2.54 per cent, to $2.42 on 3.9 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 36 cents, or 3.50 per cent, to $9.92 on 3.6 million shares.
North American Palladium Ltd. (TSX:PDL). Miner. Up half-a-cent, or 33.33 per cent, to two cents on 3.4 million shares.
Companies reporting major news:
Potash Corp. of Saskatchewan (TSX:POT). Fertilizer. Down 28 cents, or 0.79 per cent, to $35.08 on 1.2 million shares. Potash Corp. of Saskatchewan Inc. has once again been rejected by K+S AG about its multibillion-dollar takeover offer despite revising its bid for the German fertilizer producer…
GMP’s expensive bet on energy sector eats into profit
– theglobeandmail.com
Independent dealer sees earnings tumble 55 per cent in second quarter
Berkshire profit falls 37% to $4.01-billion on smaller investment gains
– theglobeandmail.com
Warren Buffett, 84, built Berkshire over the past five decades into a sprawling operation
