Read previewThe latest figures from Warren Buffett's Berkshire Hathaway suggest consumers are faring better than they were just a year or two ago.
Thomson ReutersHomeServicesReal estate brokerage revenues were almost flat and after-tax earnings rose 21%.
New home unit sales rose 11% after dropping 20%, but pre-tax earnings fell 10%, similar to their 12% decline last year.
But pre-tax earnings jumped 10% due to higher margins and lower operating expenses that offset the lower sales.
AdvertisementRetailThe odd one out was the retailing subdivision, where revenues fell 4.5% and pre-tax earnings fell 23%.
Persons:
—, Warren Buffett's Berkshire Hathaway, Here's, Thomson, Warren Buffett, Clayton, Rick Wilking, Berkshire, They've, There's
Organizations:
Service, Business, Thomson Reuters, Clayton Homes, Reuters McLane, Berkhire Hathaway
Locations:
Warren Buffett's, Berkshire, Renton , Washington, Omaha , Nebraska