On February 27, Berkshire Hathaway В announced its operating results for the fourth quarter of 2020 which did not meet analysts’ expectations. The company's net earnings for the reporting period turned out to be worse than expected. The fourth-quarter earnings per share (EPS) came in at $2.15 with total revenue of $64.38 billion, while analysts projected EPS to be no less than $2.28 on revenue of $64.72 billion. High expectations of the Berkshire Hathaway B revenue were encouraged by a great start at the beginning of the year when the company’s shares gained 3%. Besides, the overall performance of the S&P 500 was better than in the previous period and was up by 1% in the first months of 2021. Earlier, Berkshire’s EPS was forecasted to be $3,422.33 on revenue of $64.72 billion. However, both Q4 revenue and earnings fell short of analysts’ expectations. According to the report, quarterly EPS was below $3,220, while the revenue was $64.38 billion.
