Take-Two reports so-so earnings, updates forecast to include Zynga

Interested in learning what’s next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Register today. Take-Two took a bit of a hit today as it released its latest earnings report for the first quarter of its fiscal year. As the company has recently … Read more

AMD beats Q2 earnings with revenue of $6.55B, up 70%

Interested in learning what’s next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Register today. Advanced Micro Devices reported its revenues and earnings for the second quarter ended June 30 beat expectations, with revenue growing 70% to $6.55 billion on a GAAP basis. … Read more

Samsung expects strong increase sales and profit in its Q2 earnings guidance

Samsung Electronics posted its latest earnings guidance, revealing another very solid quarter is in the books. The report revealed consolidated sales between April and June 2022 were KRW 77 trillion (about $59.2 billion), while the consolidated operating profit was KRW 14 trillion (around $10.76 billion). Q2 2022 Guidance KRW / USD … Read more

Berkshire Hathaway’s Earnings Fall as Market Tumult Weighs on Stock Portfolio

Berkshire Hathaway Inc.’s BRK.B -2.55% first-quarter earnings fell as turbulence across financial markets weighed on its giant stock portfolio and rising claims costs hurt its insurance-underwriting business. Warren Buffett’s company reported net income of $5.46 billion, or $3,702 a Class A share equivalent. That was down from $11.71 billion, or $7,638 a share, a year … Read more

Berkshire Hathaway Reports Drop in Earnings, Driven by Investment Losses – The New York Times

Berkshire Hathaway Reports Drop in Earnings, Driven by Investment Losses  The New York Times Warren Buffett significantly increases Chevron bet, now in Berkshire’s top 4 positions  CNBC Berkshire Hathaway’s Earnings Fall as Market Tumult Weighs on Stock Portfolio  The Wall Street Journal Buffett invests big chunk of Berkshire Hathaway’s cash  The Associated Press Berkshire earnings decline in the first … Read more

Berkshire profits fell in the first quarter

Berkshire Hathaway owns a lot of consumer businesses. So it shouldn’t come as a surprise that inflation is a concern for Warren Buffett’s conglomerate. Jim Weber, CEO of Berkshire-owned running shoe and apparel maker, Brooks, said the company was hit by supply chain concerns in 2021. That led to a slight deceleration in sales. Now … Read more

Warren Buffett Is Still Setting Berkshire’s Direction. For How Much Longer?

Berkshire Hathaway Inc. BRK.B -2.55% posted its best earnings in its history in the last quarter of 2021. Its stock is trouncing the S&P 500. And Warren Buffett’s star power seems to be as strong as ever. More than 40,000 people are expected to descend on Omaha this weekend for Berkshire’s first in-person shareholder meeting … Read more

Berkshire earnings decline in the first quarter on slowing economic growth, stock market pullback

Warren Buffett Gerry Miller | CNBC Warren Buffett’s Berkshire Hathaway reported Saturday a decline in first-quarter earnings, as the conglomerate was not immune to a slowing U.S. economy. The company’s net earnings came in at $5.46 billion, down more than 53% from $11.71 billion in the year-earlier period. Berkshire’s operating earnings — which encompass profits … Read more