fluctuation

“When we look at natural and normal hormone fluctuations, there’s no balance. They are not balanced by definition.”

Accounting rules require Berkshire to include unrealized gains and losses from its giant investment portfolio when it reports net income, meaning that short-term fluctuations in the stock market can cause big swings in quarterly income.

Mortgage rate fluctuations could also carry less heft in a housing market restrained by buyer hesitance and uncertainty.

Some of that is because of small acquisitions and currency fluctuations.

A soft macroeconomic context and exchange fluctuations are additional challenges for the U.K. drugmaker, Scholar adds.