Buffett's Berkshire sees profit fall amid wildfire losses,...

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2025-05-03 13:06:13 -

Buffett's Berkshire sees profit fall amid wildfire losses, draws thousands to Omaha meeting

Berkshire Hathaway reported a significant profit drop due to investment declines and insurance losses, notably from Geico, impacting Q1 earnings. Despite this, operating earnings also fell short of expectations, down 14%. Investors eagerly await Warren Buffett's insights, particularly regarding the company's record $347.7 billion cash reserve, signaling limited investment opportunities.

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