Berkshire Hathaway shares slide after earnings, CEO letter
By Jonathan Stempel
Published on March 2, 2026.
Berkshire Hathaway shares have fallen after CEO Warren Buffett announced he would step down. The company posted financial results that fell short of some analysts' expectations and expressed caution about investing its cash. The Class A shares fell by 5.3% and Class B shares by about the same amount. In his first annual letter to shareholders, Greg Abel warned of ongoing pressure on Geico and other insurance and reinsurance operations.
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