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An analyst reduced Q4 revenue growth for the entire S & P 500




A single Wall Street analyst is responsible for separating the income image of the entire stock market.

UBS analyst Brian Meredith slashed his fourth-quarter earnings estimate for Berkshire Hathaway on Tuesday, bringing the consensus forecast down to $ 48.4 billion from $ 63, $ 5 billion to Warren Buffett-led company, according to data provider Refinitiv.

Due to Meredith's drastic cuts and Berkshire Hathaway's size and influence, S & P 500's total mixed revenue growth rose to 5.2 percent from 6.1[ads1] percent. and dropped almost full percentage points. The mixed rate takes into account companies that have already reported and estimated for those who have not released their numbers. Berkshire Hathaway is the fifth largest company in S & P 500 by market value.

According to Refinitiv, Meredith cut its estimate due to the "inclusion of mark-to-market losses." Berkshire Hathaway is scheduled to release its fourth quarter results on Saturday morning.

Meredith's revenue slice also deletes fine n Ancial sector's mixed growth revenue. Consensus on revenue in finance is now down 3.2 percent from an expansion of 3.9 percent.

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