Berkshire Hathaway’s revenue slides 3% in the fiscal third quarter

In a report on Saturday, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) reported £22.88 billion of earnings in the recent quarter versus the year-ago figure of a much lower £12.54 billion. The American multinational attributed the gain to its investments that saw an £18.85 billion growth in estimated value in the fiscal third quarter. Berkshire has sizeable stakes in Bank of America and Apple Inc. On a year to date basis, Class A shares of Berkshire Hathaway are now close to 8% down in the stock market, but have recovered roughly 30% since late March, when the impact of the Coronavirus