"Considerable uncertainty remains as to the ultimate outcome of these events," Berkshire said in the statement, referring to international trade policies and tariffs.
Berkshire Hathaway Inc.'s operating earnings fell about 14% from a year earlier and its cash pile surged to a record US$347.7 billion ($451.48 billion) as the conglomerate struggled to put money to work amid tariff uncertainty.
Operating earnings at Berkshire, led by Chief Executive Officer Warren Buffett, dropped to US$9.6 billion, the conglomerate said in a statement Saturday.
