Investing

Buffett’s Berkshire expected to post a quarterly earnings surge as market comeback boosts portfolio

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Warren Buffett

Gerry Miller | CNBC

Investors are preparing for a variety of news in Berkshire Hathaway’s second-quarter earnings report this weekend, ranging from the possibility of record overall net income to weaker operating results from the conglomerate’s industrials companies.

Wall Street also hopes that Berkshire, which is expected to report per-share earnings of $2.12 and revenues of $61.08 billion per StreetAccount estimates, may have ramped up its buyback program in the three months ended June 30. The results are due Saturday morning.

What’s expected to be a banner quarter for Berkshire net income is thought to be thanks in large part to a robust 20% rally in the S&P 500, a surge…



Source cnbc.com

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