Warren Buffett smiles more than usual. Berkshire Hathaway of the legendary US financier closed the second quarter of 2014 with a net profit of 6,4 billion dollars (+41% on an annual basis), a result that exceeds the best figure ever recorded by over a billion ( 5,1 billion).
The Oracle of Omaha thus brings the numbers of the biggest giants on the planet closer (ExxonMobil closed the same quarter with a profit of 8,8 billion, while Apple reached 7,7 billion).
Berkshire's revenues instead increased by 11%, reaching 49,76 billion from 44,69 billion in the same period of 2013.
In a report released today, Nomura analysts confirmed the buy recommendation (rating buy) on the holding's stock and raised the target price from $199 to $208. Furthermore, the experts of the Japanese bank have decided to adjust their forecasts upwards: they are now expecting earnings per share of 9,972 dollars in 2014 and 10,770 dollars for 2015.
A decisive contribution to Buffet's record profits (2,06 billion) came from the derivatives sector, which indirectly benefited from the sale of the Washington Post to Jeff Bezos.
