Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent to a record high.
OMAHA, Neb.— Warren Buffett's company on Friday reported a 41 percent jump in its second-quarter profit that was boosted by a paper gain from a stock-swap deal completed earlier this year.
Aug 1- Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent, reflecting a substantial increase in investment gains and improved results in manufacturing, service and retail businesses. Net income rose to $6.4 billion, or $3,889 per Class A share, from $4.54 billion, or $2,763 per share, a year earlier.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories.
Live Nation's partnership with Yahoo to stream one live concert every day is a rare win for music fans. The deal opens up a new revenue stream for Live Nation, which reported second quarter earnings Thursday that fell short on profit but beat Wall Street's revenue expectations.
Procter & Gamble's CEO was brought back to restore growth to the world's largest consumer products company. A year later, investors are still waiting.
Kara Swisher, Re/code Co-executive editor, and the "Squawk Alley" team, discuss the earnings of LinkedIn and Tesla.
CNBC's Josh Lipton speaks to Nick Woodman, GoPro founder & CEO, about the company's first earnings reports as a public company and how "self-capture" creates new opportunity for the camera maker.
CNBC's Phil LeBeau reports Toyota's U.S. July auto sales.
Dara Khosrowshahi, Expedia president & CEO, breaks down the company's earnings beat in part due to a rise in gross bookings. Khosrowshahi says the travel market is expanding and online growth allows more spending and investment.
Tesla's Q2 earnings beat expectations on the top and bottom line. Colin Rusch, Northern Capital Markets, discusses the automakers growth picture and future earnings expectations.
Without U.S. wage pressures, upward pressure on yields should be muted--and so should inflation hawks.
NEW YORK— U.S. stocks are stabilizing a day after a steep drop as investors were encouraged by the latest wave of hiring. Procter& Gamble, Expedia and LinkedIn all rose after reporting better quarterly earnings than analysts were expecting. PerkinElmer fell after its sales missed analysts' forecasts.
NEW YORK— Chevron Corp. earnings rose 5.6 percent in the second quarter on asset sales and higher global oil prices, though oil and gas production slipped slightly. Chevron, based in San Ramon, California, said Friday that net income increased to $5.67 billion, or $2.98 per share, from $5.37 billion, or $2.77 per share, in the same quarter a year earlier.
The Oakland, California- based company said net income fell to $170 million, or $1.29 per share, from $183 million, or $1.37 per share, in the same quarter a year earlier. Revenue dropped 2 percent to $1.51 billion from $1.55 billion. Wall Street expected $1.52 billion in revenue.
CNBC's Sara Eisen breaks down Procter & Gamble's problematic quarterly earnings report, and discusses CEO A.G. Lafley's lack of strategic vision.
Aug 1- Chevron Corp, the second-largest U.S. oil company, reported better-than-expected quarterly profit on Friday as higher energy prices offset rising expenses and production dips in Kazakhstan.
Chevron reported second-quarter earnings on Thursday that beat Wall Street's expectations.
Aug 1- Aircraft components maker Spirit AeroSystems Holdings Inc posted a better-than-expected quarterly profit and raised its full-year forecast, as Boeing Co and Airbus boosted production to meet surging demand for planes.
Aug 1- Procter& Gamble Co, the world's largest household products maker, reported a 37 percent rise in quarterly profit as its cost cutting efforts paid off and organic sales rose in its home care business.