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2021-11-08

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Supply chain problems crimp profit at Buffett's Berkshire Hathaway; cash sets record<blockquote>供应链问题抑制了巴菲特旗下伯克希尔哈撒韦公司的利润；现金创下纪录</blockquote>

Nov 6 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)said on Saturday that global supply

Supply chain problems crimp profit at Buffett's Berkshire Hathaway; cash sets record<blockquote>供应链问题抑制了巴菲特旗下伯克希尔哈撒韦公司的利润；现金创下纪录</blockquote>

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{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":845604436,"tweetId":"845604436","gmtCreate":1636332671624,"gmtModify":1636332671795,"author":{"id":4090214614849080,"idStr":"4090214614849080","authorId":4090214614849080,"authorIdStr":"4090214614849080","name":"Htun","avatar":"https://static.tigerbbs.com/dde49463d11b380518358f7c49dd5daa","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Good</body></html>","htmlText":"<html><head></head><body>Good</body></html>","text":"Good","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/845604436","repostId":1125924899,"repostType":4,"repost":{"id":"1125924899","kind":"news","pubTimestamp":1636330179,"share":"https://www.laohu8.com/m/news/1125924899?lang=zh_CN&edition=full","pubTime":"2021-11-08 08:09","market":"sh","language":"en","title":"Supply chain problems crimp profit at Buffett's Berkshire Hathaway; cash sets record<blockquote>供应链问题抑制了巴菲特旗下伯克希尔哈撒韦公司的利润；现金创下纪录</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125924899","media":"Reuters","summary":"Nov 6 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)said on Saturday that global supply","content":"Nov 6 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)said on Saturday that global supply chain disruptions kept a lid on its ability to generate profit, while rising equity prices caused it to sell some stocks and boost its cash hoard to a record.<blockquote>路透11月6日-沃伦·巴菲特的伯克希尔·哈撒韦公司(BRKa.N)周六表示，全球供应链中断限制了其盈利能力，而股价上涨导致其出售部分股票并将现金储备增加至创纪录水平。</blockquote> Operating profit rose 18% but missed analyst forecasts, as a resurgence in COVID-19 cases fueled by the Delta variant of the coronavirus caused goods shortages and crimped consumer spending, while damage from Hurricane Ida and European flooding boosted underwriting losses at the Geico car insurer and other insurance units.<blockquote>营业利润增长18%，但未达到分析师预期，因为冠状病毒德尔塔变异毒株引发的COVID-19病例死灰复燃导致商品短缺并抑制了消费者支出，而飓风艾达和欧洲洪水造成的损失增加了Geico汽车保险公司和其他保险单位的承保损失。</blockquote> Net income, meanwhile, fell 66%, reflecting lower gains from stock holdings such as Apple Inc(AAPL.O)and $Bank of America Corp(BAC-N)$(BAC.N).<blockquote>与此同时，净利润下降了66%，反映出苹果(AAPL.O)和$Bank of America Corp(BAC-N)$(BAC.N)等股票的收益下降。</blockquote> Berkshire repurchased $7.6 billion of its own stock in the third quarter and $20.2 billion this year, as rising stock markets made buying whole companies increasingly expensive.<blockquote>伯克希尔在第三季度回购了76亿美元的自有股票，今年回购了202亿美元，因为股市上涨使得收购整个公司的成本越来越高。</blockquote> The buybacks, which appeared to continue in October, suggest that Buffett, a 91-year-old billionaire, sees greater value in his own Omaha, Nebraska-based conglomerate, whose businesses include the BNSF railroad and namesake energy unit.<blockquote>此次回购似乎在10月份仍在继续，这表明91岁的亿万富翁巴菲特认为自己位于内布拉斯加州奥马哈的企业集团具有更大的价值，该集团的业务包括BNSF铁路和同名能源部门。</blockquote> \"One of the big parlor games is, what is Berkshire's next big acquisition,\" said Cathy Seifert, a CFRA Research analyst with a \"hold\" rating on Berkshire. \"I think we just saw it: it bought back $20 billion of its own stock.\"<blockquote>CFRA Research分析师凯茜·塞弗特(Cathy Seifert)表示：“最大的室内游戏之一是，伯克希尔哈撒韦的下一项重大收购是什么。”对伯克希尔哈撒韦给予“持有”评级。“我想我们刚刚看到了：它回购了200亿美元的自己的股票。”</blockquote> Berkshire has also been a net seller of stocks, and sold about $2 billion more stock than it bought in the quarter. It ended September with $149.2 billion of cash and equivalents.<blockquote>伯克希尔也是股票的净卖家，本季度卖出的股票比买入的多了约20亿美元。截至9月底，该公司拥有1,492亿美元现金及等价物。</blockquote> \"I sure hope there will be more buybacks, because there's not much evidence of capital being put to work,\" said Jim Shanahan, an Edward Jones &amp; Co analyst who rates Berkshire a \"buy.\"<blockquote>爱德华·琼斯公司(Edward Jones&amp;Co)分析师吉姆·沙纳汉(Jim Shanahan)表示：“我确实希望会有更多回购，因为没有太多证据表明资本正在发挥作用。”他将伯克希尔评级为“买入”。</blockquote> DISRUPTIONS<blockquote>中断</blockquote> Third-quarter operating profit rose to $6.47 billion, or about $4,331 per Class A share, from $5.48 billion, or about $3,488 per share, a year earlier.<blockquote>第三季度营业利润从去年同期的54.8亿美元（约合每股3488美元）升至64.7亿美元（约合每股4331美元）。</blockquote> Analysts on average forecast $4,493 per share, according to Refinitiv I/B/E/S.<blockquote>根据Refinitiv I/B/E/S的数据，分析师平均预测为每股4,493美元。</blockquote> Net income fell to $10.3 billion, or $6,882 per Class A share, from $30.1 billion. Buffett believes the huge quarterly swings in net results are usually meaningless, and result from accounting rules he doesn't control.<blockquote>净利润从301亿美元降至103亿美元，即每股A股6882美元。巴菲特认为，净利润的巨大季度波动通常毫无意义，是他无法控制的会计规则造成的。</blockquote> Berkshire said supply chain disruptions have boosted prices for materials and freight, forcing businesses such as Clayton Homes mobile homes and Acme bricks to raise prices - and caused a shortage of truck drivers at McLane grocery distribution.<blockquote>伯克希尔表示，供应链中断推高了材料和运费的价格，迫使Clayton Homes mobile homes和Acme bricks等企业提高价格，并导致McLane grocery distribution卡车司机短缺。</blockquote> It said the disruptions also significantly reduced new vehicle sales at its auto dealer unit and boosted costs for its consumer products businesses, though profit is rising from Forest River RVs, Brooks running shoes and Duracell batteries.<blockquote>该公司表示，这些中断还大幅减少了其汽车经销商部门的新车销量，并增加了其消费品业务的成本，尽管Forest River房车、Brooks跑鞋和金霸王电池的利润正在上升。</blockquote> In part because of Delta and the disruptions, some caused bylabor shortages, U.S. gross domestic product rose at a 2% annualized rate in the third quarter according to the government advance estimate, down from 6.7% in the second quarter.<blockquote>部分由于达美航空和劳动力短缺造成的干扰，根据政府的预先估计，美国第三季度国内生产总值年化增长率为2%，低于第二季度的6.7%。</blockquote> \"The supply chain creates choke points that inevitably will affect loads at Berkshire's railroad, and is creating shortages in its housing businesses,\" said Tom Russo, a partner at Gardner Russo &amp; Quinn in Lancaster, Pennsylvania, which has owned Berkshire stock since 1982.<blockquote>宾夕法尼亚州兰开斯特Gardner Russo&amp;Quinn合伙人汤姆·鲁索(Tom Russo)表示：“供应链造成了瓶颈，不可避免地会影响伯克希尔铁路的负载，并导致其住房业务出现短缺。”该公司自1982年以来一直持有伯克希尔股票。</blockquote> CATASTROPHE LOSSES<blockquote>灾害损失</blockquote> Results reflected what analyst Shanahan called an \"extraordinarily high\" $2.2 billion of catastrophe losses, mainly from Ida and flooding, though other insurers also suffered large losses.<blockquote>结果反映了分析师沙纳汉所说的“极高”的22亿美元巨灾损失，主要来自Ida和洪水，尽管其他保险公司也遭受了巨额损失。</blockquote> Geico alone lost $289 million pretax from underwriting, hurt by Ida and an increase in vehicle crashes.<blockquote>仅Geico就因承保损失2.89亿美元，受到Ida和车祸增加的影响。</blockquote> In contrast, BNSF managed to boost profit 14% to $1.54 billion, as higher volumes in industrial goods and coal offset lower grain exports.<blockquote>相比之下，BNSF的利润增长了14%，达到15.4亿美元，因为工业品和煤炭产量的增加抵消了谷物出口的下降。</blockquote> Buffett's failure to buy more stocks and companies has disappointed some investors and analysts.<blockquote>巴菲特未能买入更多股票和公司，令一些投资者和分析师感到失望。</blockquote> It stems in part from how special purpose acquisition companies (SPACs), which take private companies public, are driving up prices of acquisition targets.<blockquote>这部分源于让私营公司上市的特殊目的收购公司（SPAC）如何推高收购目标的价格。</blockquote> \"It's a killer,\" Buffettsaidat Berkshire's annual meeting on May 1.<blockquote>“这是一个杀手，”巴菲特在5月1日的伯克希尔年会上说道。</blockquote> CFRA Research analyst Seifert said Berkshire won't be sidelined forever, and might in 2022 eye acquisitions in sectors it has long favored, including industrial and consumer staples.<blockquote>CFRA Research分析师塞弗特表示，伯克希尔不会永远袖手旁观，可能会在2022年着眼于收购其长期青睐的行业，包括工业和消费必需品。</blockquote> \"Given the number of high-profile misses, such as Precision Castparts and Kraft Heinz, <a href=\"https://laohu8.com/S/AONE.U\">one</a> can understand some of Berkshire's reticence,\" she said, referring to the aircraft parts maker and food company.<blockquote>“鉴于精密铸件和卡夫亨氏等备受瞩目的失误数量，<a href=\"https://laohu8.com/S/AONE.U\">一</a>我可以理解伯克希尔的一些沉默，”她说，指的是这家飞机零部件制造商和食品公司。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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It ended September with $149.2 billion of cash and equivalents.<blockquote>伯克希尔也是股票的净卖家，本季度卖出的股票比买入的多了约20亿美元。截至9月底，该公司拥有1,492亿美元现金及等价物。</blockquote> \"I sure hope there will be more buybacks, because there's not much evidence of capital being put to work,\" said Jim Shanahan, an Edward Jones &amp; Co analyst who rates Berkshire a \"buy.\"<blockquote>爱德华·琼斯公司(Edward Jones&amp;Co)分析师吉姆·沙纳汉(Jim Shanahan)表示：“我确实希望会有更多回购，因为没有太多证据表明资本正在发挥作用。”他将伯克希尔评级为“买入”。</blockquote> DISRUPTIONS<blockquote>中断</blockquote> Third-quarter operating profit rose to $6.47 billion, or about $4,331 per Class A share, from $5.48 billion, or about $3,488 per share, a year earlier.<blockquote>第三季度营业利润从去年同期的54.8亿美元（约合每股3488美元）升至64.7亿美元（约合每股4331美元）。</blockquote> Analysts on average forecast $4,493 per share, according to Refinitiv I/B/E/S.<blockquote>根据Refinitiv I/B/E/S的数据，分析师平均预测为每股4,493美元。</blockquote> Net income fell to $10.3 billion, or $6,882 per Class A share, from $30.1 billion. Buffett believes the huge quarterly swings in net results are usually meaningless, and result from accounting rules he doesn't control.<blockquote>净利润从301亿美元降至103亿美元，即每股A股6882美元。巴菲特认为，净利润的巨大季度波动通常毫无意义，是他无法控制的会计规则造成的。</blockquote> Berkshire said supply chain disruptions have boosted prices for materials and freight, forcing businesses such as Clayton Homes mobile homes and Acme bricks to raise prices - and caused a shortage of truck drivers at McLane grocery distribution.<blockquote>伯克希尔表示，供应链中断推高了材料和运费的价格，迫使Clayton Homes mobile homes和Acme bricks等企业提高价格，并导致McLane grocery distribution卡车司机短缺。</blockquote> It said the disruptions also significantly reduced new vehicle sales at its auto dealer unit and boosted costs for its consumer products businesses, though profit is rising from Forest River RVs, Brooks running shoes and Duracell batteries.<blockquote>该公司表示，这些中断还大幅减少了其汽车经销商部门的新车销量，并增加了其消费品业务的成本，尽管Forest River房车、Brooks跑鞋和金霸王电池的利润正在上升。</blockquote> In part because of Delta and the disruptions, some caused bylabor shortages, U.S. gross domestic product rose at a 2% annualized rate in the third quarter according to the government advance estimate, down from 6.7% in the second quarter.<blockquote>部分由于达美航空和劳动力短缺造成的干扰，根据政府的预先估计，美国第三季度国内生产总值年化增长率为2%，低于第二季度的6.7%。</blockquote> \"The supply chain creates choke points that inevitably will affect loads at Berkshire's railroad, and is creating shortages in its housing businesses,\" said Tom Russo, a partner at Gardner Russo &amp; Quinn in Lancaster, Pennsylvania, which has owned Berkshire stock since 1982.<blockquote>宾夕法尼亚州兰开斯特Gardner Russo&amp;Quinn合伙人汤姆·鲁索(Tom Russo)表示：“供应链造成了瓶颈，不可避免地会影响伯克希尔铁路的负载，并导致其住房业务出现短缺。”该公司自1982年以来一直持有伯克希尔股票。</blockquote> CATASTROPHE LOSSES<blockquote>灾害损失</blockquote> Results reflected what analyst Shanahan called an \"extraordinarily high\" $2.2 billion of catastrophe losses, mainly from Ida and flooding, though other insurers also suffered large losses.<blockquote>结果反映了分析师沙纳汉所说的“极高”的22亿美元巨灾损失，主要来自Ida和洪水，尽管其他保险公司也遭受了巨额损失。</blockquote> Geico alone lost $289 million pretax from underwriting, hurt by Ida and an increase in vehicle crashes.<blockquote>仅Geico就因承保损失2.89亿美元，受到Ida和车祸增加的影响。</blockquote> In contrast, BNSF managed to boost profit 14% to $1.54 billion, as higher volumes in industrial goods and coal offset lower grain exports.<blockquote>相比之下，BNSF的利润增长了14%，达到15.4亿美元，因为工业品和煤炭产量的增加抵消了谷物出口的下降。</blockquote> Buffett's failure to buy more stocks and companies has disappointed some investors and analysts.<blockquote>巴菲特未能买入更多股票和公司，令一些投资者和分析师感到失望。</blockquote> It stems in part from how special purpose acquisition companies (SPACs), which take private companies public, are driving up prices of acquisition targets.<blockquote>这部分源于让私营公司上市的特殊目的收购公司（SPAC）如何推高收购目标的价格。</blockquote> \"It's a killer,\" Buffettsaidat Berkshire's annual meeting on May 1.<blockquote>“这是一个杀手，”巴菲特在5月1日的伯克希尔年会上说道。</blockquote> CFRA Research analyst Seifert said Berkshire won't be sidelined forever, and might in 2022 eye acquisitions in sectors it has long favored, including industrial and consumer staples.<blockquote>CFRA Research分析师塞弗特表示，伯克希尔不会永远袖手旁观，可能会在2022年着眼于收购其长期青睐的行业，包括工业和消费必需品。</blockquote> \"Given the number of high-profile misses, such as Precision Castparts and Kraft Heinz, <a href=\"https://laohu8.com/S/AONE.U\">one</a> can understand some of Berkshire's reticence,\" she said, referring to the aircraft parts maker and food company.<blockquote>“鉴于精密铸件和卡夫亨氏等备受瞩目的失误数量，<a href=\"https://laohu8.com/S/AONE.U\">一</a>我可以理解伯克希尔的一些沉默，”她说，指的是这家飞机零部件制造商和食品公司。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.reuters.com/business/buffetts-berkshire-hathaway-boosts-operating-profit-lower-stock-gains-hurt-net-2021-11-06/\">Reuters</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://www.reuters.com/business/buffetts-berkshire-hathaway-boosts-operating-profit-lower-stock-gains-hurt-net-2021-11-06/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125924899","content_text":"Nov 6 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)said on Saturday that global supply chain disruptions kept a lid on its ability to generate profit, while rising equity prices caused it to sell some stocks and boost its cash hoard to a record.\nOperating profit rose 18% but missed analyst forecasts, as a resurgence in COVID-19 cases fueled by the Delta variant of the coronavirus caused goods shortages and crimped consumer spending, while damage from Hurricane Ida and European flooding boosted underwriting losses at the Geico car insurer and other insurance units.\nNet income, meanwhile, fell 66%, reflecting lower gains from stock holdings such as Apple Inc(AAPL.O)and $Bank of America Corp(BAC-N)$(BAC.N).\nBerkshire repurchased $7.6 billion of its own stock in the third quarter and $20.2 billion this year, as rising stock markets made buying whole companies increasingly expensive.\nThe buybacks, which appeared to continue in October, suggest that Buffett, a 91-year-old billionaire, sees greater value in his own Omaha, Nebraska-based conglomerate, whose businesses include the BNSF railroad and namesake energy unit.\n\"One of the big parlor games is, what is Berkshire's next big acquisition,\" said Cathy Seifert, a CFRA Research analyst with a \"hold\" rating on Berkshire. \"I think we just saw it: it bought back $20 billion of its own stock.\"\nBerkshire has also been a net seller of stocks, and sold about $2 billion more stock than it bought in the quarter. It ended September with $149.2 billion of cash and equivalents.\n\"I sure hope there will be more buybacks, because there's not much evidence of capital being put to work,\" said Jim Shanahan, an Edward Jones & Co analyst who rates Berkshire a \"buy.\"\nDISRUPTIONS\nThird-quarter operating profit rose to $6.47 billion, or about $4,331 per Class A share, from $5.48 billion, or about $3,488 per share, a year earlier.\nAnalysts on average forecast $4,493 per share, according to Refinitiv I/B/E/S.\nNet income fell to $10.3 billion, or $6,882 per Class A share, from $30.1 billion. Buffett believes the huge quarterly swings in net results are usually meaningless, and result from accounting rules he doesn't control.\nBerkshire said supply chain disruptions have boosted prices for materials and freight, forcing businesses such as Clayton Homes mobile homes and Acme bricks to raise prices - and caused a shortage of truck drivers at McLane grocery distribution.\nIt said the disruptions also significantly reduced new vehicle sales at its auto dealer unit and boosted costs for its consumer products businesses, though profit is rising from Forest River RVs, Brooks running shoes and Duracell batteries.\nIn part because of Delta and the disruptions, some caused bylabor shortages, U.S. gross domestic product rose at a 2% annualized rate in the third quarter according to the government advance estimate, down from 6.7% in the second quarter.\n\"The supply chain creates choke points that inevitably will affect loads at Berkshire's railroad, and is creating shortages in its housing businesses,\" said Tom Russo, a partner at Gardner Russo & Quinn in Lancaster, Pennsylvania, which has owned Berkshire stock since 1982.\nCATASTROPHE LOSSES\nResults reflected what analyst Shanahan called an \"extraordinarily high\" $2.2 billion of catastrophe losses, mainly from Ida and flooding, though other insurers also suffered large losses.\nGeico alone lost $289 million pretax from underwriting, hurt by Ida and an increase in vehicle crashes.\nIn contrast, BNSF managed to boost profit 14% to $1.54 billion, as higher volumes in industrial goods and coal offset lower grain exports.\nBuffett's failure to buy more stocks and companies has disappointed some investors and analysts.\nIt stems in part from how special purpose acquisition companies (SPACs), which take private companies public, are driving up prices of acquisition targets.\n\"It's a killer,\" Buffettsaidat Berkshire's annual meeting on May 1.\nCFRA Research analyst Seifert said Berkshire won't be sidelined forever, and might in 2022 eye acquisitions in sectors it has long favored, including industrial and consumer staples.\n\"Given the number of high-profile misses, such as Precision Castparts and Kraft Heinz, one can understand some of Berkshire's reticence,\" she said, referring to the aircraft parts maker and food company.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":2142,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}