Berkshire Hathaway (BRK.A, $327,765.63) had net earnings of around $21.7 billion in Q1

Berkshire Hathaway registered a marked improvement in earnings performance, as the conglomerate raked in net earnings of around $21.7 billion for the first quarter. The earnings include about $15.5 billion in earnings on investments, $608 million on derivatives, and operating earnings of nearly $5.6 billion.

In the year-ago quarter, the company incurred around $1.14 billion loss.

For the first quarter, Berkshire reported net earnings of $13.209 per Class A share and $8.81 per Class B share. In the year-ago period, the company posted a -$692 loss per Class A share and -46-cent loss per Class B share. 

The company had repurchased shares of Class A and B common stock for an aggregate amount of approximately $1.7 billion during the quarter.

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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.