From Home Furnishing Business
Berkshire Annual Report Expected to Show Record Profit
Berkshire Hathaway, owner of a number of home furnishings retailers, is expected to report record annual profit later this week from a rebounding U.S. economy.
Berkshire Hathaway Inc. (BRK/A) will probably post record full-year profit showing how Chairman Warren Buffett’s five decades of acquisitions positioned his company to benefit from a rebounding U.S. economy.
Net income was at least $18 billion in 2013, according to analysts at Nomura Holdings Inc. and Keefe Bruyette & Woods. That compares with $14.8 billion in 2012, the previous record. Omaha, Nebraska-based Berkshire will probably release its annual report March 1.
Read Entire Story Source: Bloomberg News