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Shauna O'Brien Mar 02, 2015
The company reported earnings of $4.16 billion, or $2,529 per share, down 17% from $4.99 billion, or $3,035 per share, last year. Analysts expected to see EPS of $2,655.09.
Operating earnings rose to $3.96 billion from $3.78 billion.
Buffett noted that future gains will not come close to gains in the past. In his letter to shareholders, he also mentioned several other notable topics including his future successor for when he dies or steps down from his CEO postiion. According to Buffett, he may have found the right person to succeed him as CEO.
In addition, Buffett also noted that the company may start paying a dividend at some point – but not for 10-20 years.
|NYVTX||Davis NY Venture A||0.33%|
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