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Berkshire Hathaway bounces back from first-quarter loss

Posted at 3:32 PM, Aug 05, 2018
and last updated 2018-08-05 16:32:33-04

An Omaha based economic giant bounced back from a big first-quarter loss in an even bigger way.

Berkshire Hathaway reported making $12 billion dollars in profit between April and June.

The same change in accounting rules blamed for a $1.1 billion dollar net loss in the first quarter, helped drive the latest numbers.

It's expected that number could grow; the company's five-percent stake in Apple is now worth nearly $50 billion dollars.