Asset Management

Berkshire Hathaway’s earnings will be out as the AGM gets underway — grab the popcorn

Berkshire's asset base could hit $1tn, making it the most asset-rich US company

Warren Buffett, CEO of Berkshire Hathaway
Warren Buffett, CEO of Berkshire Hathaway Photo: Getty Images

Berkshire Hathaway's annual shareholder meeting Saturday will be the main focus of investors but the company also will be reporting its first-quarter results on 6 May at around 8 am ET.

Berkshire's results are expected to be strong with operating profits rising 12.5% to $5,371 per class A share, reflecting the benefit of the company's nearly $12bn acquisition of property and casualty insurer Alleghany in late 2022 and higher interest income on the company's cash holdings of about $129bn.

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