According to estimates, the company reported an operating loss of $ 23.29 billion.
While some of the companies in which it invests have suffered losses due to the effects of the corona, Berkshire is a large investor in several companies whose shares have actually climbed since the declines in the markets in late March, led by Apple whose share value has almost doubled since March 23. Other companies in which Berkshire has a large holding and which have recently made a profit include J.P. Bank. Morgan whose stock rose 27% during the period in question and Amazon which jumped 66%. Analysts estimate that these investments will help raise Berkshire’s net profit to a new high.
On the other hand, Berkshire-owned railway company BNSF, which was apparently hit by the corona repercussions, so did the Berkshire-owned clothing companies, which apparently recorded declines in the second quarter.