Berkshire Hathaway Warren Buffett posted a rare loss of shares during the fourth quarter of last year, the company said on Saturday. .group> p: first-child "/>
Berkshire has posted a loss of shares of more than $ 15,000 in its Class A shares and has written over $ 3 billion worth of its Kraft investments. Wall Street analysts expected a profit of $ 3,349.04 a share, according to the Refinitiv forecast.
The Berkshire report comes after Kraft Heinz, one of the largest holdings in the company, has recorded more than $ 15 billion in two of his most famous brands: Oscar Meyer and Kraft. Kraft Heinz also reduced its dividends and reported that the Securities and Exchange Commission is investigating its accounting practices
. ] It also led Barclays analyst Jay Gelb to cut his earnings score on Berkshire twice. The analyst also told clients that quarterly Berkshire numbers are likely to affect "significant disaster losses for the world's insurance industry" due to forest fires in California last year and the hurricane "Michael."
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