Berkshire Hathaway (NYSE: BRKB) announced its 2020 Q3 earning results on November 7th, 2020.
According to the announcement, insurance revenue and railroad, utility and energy revenue decreased by 3.0% and 2.8%, respectively, while total revenue decreased by 3.0% (YoY, 3 months). Investment gain drastically increased by 189.1% (YoY, 3months) although, for 9 months, it is still down 96% year-over-year.
Net income grew 82.6% (YoY, 3 months), while operating cash flow increased by 9.8% in 9 months and corresponding free cash flow decreased by 159.9%.
The impact of the COVID-19 pandemic has adversely affected almost all of Berkshire Hathaway’s businesses. Although business performance is on a recovery trend in 2020 Q3, it is necessary to pay close attention to future business performance of Berkshire Hathaway.
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