Berkshire Shares Dip 3.4% After $3.8 Billion Kraft Heinz Hit

Berkshire Hathaway's shares fall after $3.8B write-down

Class A shares of Warren Buffett's Berkshire Hathaway fell more than 3% in afternoon trading on Monday, as investors fretted over a $3.8 billion write-down and a dip in quarterly operating profit that the firm disclosed on Saturday.

Berkshire Shares Dip 3.4% After $3.8 Billion Kraft Heinz Hit

Shares of Warren Buffett’s Berkshire Hathaway Inc. dropped as much as 3.4% on Monday after the conglomerate revealed a multibillion-dollar writedown in its second-quarter results and opted to forgo buybacks.

Tariff Uncertainty Helps Drive Down Berkshire Hathaway Profits

Shares in Berkshire Hathaway fell more than 3% Monday (Aug. 4) after the firm revealed a drop in quarterly profits. [contact-form-7] That disclosure had come Saturday (Aug. 2) with the Warren Buffet-led firm’s earnings report, which also included a $3.8 billion write-down in Berkshire’s 27.4% stake in Kraft Heinz, Reuters reported. The report adds this write down as a second for the company, reflecting a major decline in the value of th…

Profits Drop at Warren Buffett's Berkshire Hathaway as it Writes Down its Kraft Heinz Investment

Berkshire helped Kraft buy Heinz in 2015 — but the company since seen a change in consumer tastes.