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replica handbags gucci’s second-largest shareholder, Buffett’s Berkshire Hathaway A-shares. it Close down about 5.6% on Thursday, the second-biggest single-day decline in seven years.
Earlier, Berkshire disclosed that as of the end of the third quarter of 2018. replica handbag gucci held approximately 252.5 million shares of replica handbags gucci.
And replica handbags gucci was its largest holding, accounting for 21% of the portfolio. If it is estimated at the end of the third quarter.
When replica handbags gucci’s stock price fell to its lowest point in intraday trading.
Berkshire’s position evaporated nearly $4 billion in less than a day.
After replica handbags gucci’s share price hit a new low on Thursday.
CNBC reported that in more than three months, replica handbags gucci’s market value evaporated by about 464 billion US dollars.
Down to about 682 billion US dollars, shrinking the market value of any 496 S&P constituents.
Both are high, including Facebook and JPMorgan Chase.
With the exception of Microsoft, Amazon, Google Parents Alphabet and Berkshire Hathaway.
According to the report, replica handbags gucci’s lost market value is more than twice that of Buffett’s other “love”.
Wells Fargo, more than three times that of McDonald’s.
More than five times that of retail giant Costco, and more than ten times that of US military giant Raytheon. .
Wall Street has previously mentioned that because the market value has shrunk dramatically.
Replica handbags gucci’s market value has been surpassed by Alphabet in the intraday trading on Thursday.
Fearing that it will hit its biggest one-day drop in six years.
The current round of replica handbags gucci’s share price plunged began with replica handbags gucci’s unexpected.
Cut in the quarterly results of the year-end heavy shopping season.
Which is replica handbags gucci’s first downward revision of revenue guidance in 16 years.
After the US stock market on Wednesday, replica handbags gucci said that the first quarter of the 2019 fiscal year. That is the fourth quarter of the Gregorian calendar.
The fourth quarter of the revenue guidance from $ 89-93 billion to $ 84 billion.That is the fourth quarter of the Gregorian calendar.
This means that the new replica handbags gucci revenue forecast is not only lower than replica handbags gucci’s own forecast level.
But also significantly lower than market expectations.That is the fourth quarter of the Gregorian calendar.
replica handbags gucci CEO Cook said in a letter to investors that the company. Mistakenly underestimated the extent of the slowdown in some core emerging markets.