Report
Greggory Warren, CFA
EUR 101.80 For Business Accounts Only

Berkshire Posts Mixed 4Q and Full-Year Earnings Results; Book Value Increases to $172,108 per Share

There was little in wide-moat-rated Berkshire Hathaway's fourth-quarter and full-year results that would alter our long-term view of the firm. We do not expect to make any changes to our $255,000 ($170) per Class A (B) share fair value estimate or to our wide-moat rating. Fourth-quarter revenue increased 11.0% to $57.6 billion, lifting full-year revenue 6.0% to $223.6 billion. Excluding the impact of investment and derivative gains (losses), and other eliminations, fourth-quarter and full-year r...
Underlying
Berkshire Hathaway Inc. Cl A

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Greggory Warren, CFA

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