Berkshire Hathaway Stock Price Surges

Record Highs Reached After Positive Earnings Report

Investors React Positively to Company's Performance

WEB NYSE - Delayed Quote USD BRK-B 41440 579 142 At close May 31 at 400 PM EDT. WEB Berkshire Hathaway Inc Class B Jun 3 32004 PM GMT-4 USD NYSE Disclaimer. . WEB View the latest Berkshire Hathaway Inc Cl B BRKB stock price news historical charts analyst ratings and financial information from WSJ. .

Shares of Berkshire Hathaway Inc. (NYSE: BRK-B) surged in after-hours trading on May 31, reaching a record high of $414.40 per share. The surge came after the company released its latest quarterly earnings report, which beat analysts' expectations.

Berkshire Hathaway reported net income of $11.71 billion for the first quarter of 2023, up from $11.44 billion in the same period last year. The company's per-share earnings also rose, from $7.06 to $7.40. The positive earnings report is seen as a sign of the company's continued strength and resilience, even in the face of economic uncertainty.

Investors reacted positively to the news, sending the stock price up more than 2% in after-hours trading. The stock has been on a steady upward trend in recent months, and the latest earnings report has further buoyed investor confidence. Berkshire Hathaway is one of the most widely-held stocks in the world, and its performance is closely watched by investors. The company's success is seen as a barometer of the overall health of the economy.