Following six straight quarters of declining earnings, Warren Buffett’s Berkshire Hathaway looks as if it will post increased numbers when it releases its second quarter results this Friday, according to Reuters.
Buffett’s investment fund, which is known for its incredibly consistent results, having beat the S&P 500 by 11.4 percent over the past 43 years, has stagnated as of late, having posted diminished earnings throughout the recession. This includes a loss of $1.45 billion in Q1 2009, Berkshire’s first loss since 2001.
Analysts generally agree that a company as well-founded as Berkshire is relatively immune from short-term market conditions, says James Armstrong, president of Henry H. Armstrong Associates in Pittsburgh. “Investors should focus on the quality of businesses [Berkshire] owns and investments it makes. And I couldn’t be happier with those.”