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Operating Profits

All articles tagged with #operating profits

business7 months ago•3 min saved

Berkshire Hathaway's Q2 Operating Profits Drop 4% Amid Kraft Heinz Write-Down

Berkshire Hathaway's operating profits declined by 4% in Q2 to $11.2 billion, impacted by foreign exchange losses and a $3.8 billion write-down of its Kraft Heinz stake, which is now valued at $8.4 billion. Despite the profit dip, core business segments like railroads and utilities showed growth, and Berkshire maintained a large cash reserve of $344 billion. The company did not repurchase shares in the quarter, and its overall earnings fell nearly 60% due to lower investment gains, though underlying operating profits suggest strength in the business.

via Barron's|

#berkshire-hathaway #business #investment

healthcare2 years ago•2 min saved

Michigan Hospitals' Pandemic Profits and Tax Breaks: A Closer Look.

Some Michigan hospitals and health systems posted increases in operating profits and overall net assets during the pandemic, with a large portion of those profits coming from COVID-19 relief programs established by the federal government. The Coronavirus Aid, Relief, and Economic Security Act, Paycheck Protection Program, and Coronavirus Response and Relief Supplemental Appropriations Act provided a total of $178 billion to hospitals and healthcare providers across the U.S. on the front lines of the COVID-19 response. Michigan providers received a total of more than $4 billion from those programs.

via MLive.com|

#covid-19-relief-funds #financial-statements #healthcare

technology2 years ago•2 min saved

"Apple and Samsung dominate operating profits, leaving other brands to fight for scraps"

Apple and Samsung accounted for 96% of global smartphone operating profit in Q1 2023, with Apple taking over 80% of the profit. Samsung had a 22% market share, while Apple had 21%. Xiaomi, Oppo, and Vivo were the other companies in the top five, but they struggled to find a piece of the pie. Apple's operating profit was 72% higher than Samsung's, showing how the company holds the market in a chokehold. Despite Xiaomi's impressive devices, Apple and Samsung continue to dominate the market.

via Wccftech|

#apple #market-dominance #operating-profits