Berkshire Hathaway shares drop 4% after poor fourth-quarter results, no bold moves by new CEO Abel

Berkshire Hathaway's shares dropped 4% on Monday after the company reported poor fourth-quarter results. The decline came despite hopes for more aggressive signals on capital deployment by new CEO Abel, who took over from Warren Buffett last year.

The company's operating earnings fell nearly 30% in Warren Buffett's final quarter as CEO, according to a report by CNBC ^[3]. Berkshire Hathaway's poor performance was attributed to a decline in the value of its insurance businesses and a decrease in the value of its investments.

The company's cash balance has been swelling, and some had hoped for more aggressive signals on capital deployment by the new CEO. However, the latest results suggest that Abel is taking a more cautious approach.

The decline in Berkshire Hathaway's shares was a significant drop, but it was not the only negative news for the company. The company's operating earnings fell nearly 30% in Warren Buffett's final quarter as CEO, according to a report by CNBC ^[3].

Berkshire Hathaway's poor performance was attributed to a decline in the value of its insurance businesses and a decrease in the value of its investments. The company's cash balance has been swelling, and some had hoped for more aggressive signals on capital deployment by the new CEO.

However, the latest results suggest that Abel is taking a more cautious approach. The decline in Berkshire Hathaway's shares was a significant drop, but it was not the only negative news for the company.

Sources

[1] United flight returns to Los Angeles for emergency landing after suffering engine issue
[2] Chardan raises Intellia Therapeutics price target on FDA hold lift
[3] Berkshire Hathaway shares drop 4% after poor fourth-quarter results, no bold moves by new CEO Abel