Warren Buffett's Berkshire Hathaway swings to Q2 profit, operating earnings up 6%

Warren Buffett’s Berkshire Hathaway swung to a profit in the second quarter owed to its investment portfolio and insurance holdings, according to a release out Saturday.

Berkshire’s BRK.A, -1.37% BRK.B, -1.08% after-tax operating earnings, a figure Warren Buffett wants shareholders to and which excludes some investment results, rose 6% to just over $10 billion from $9.3 billion a year earlier. Regulations do require Berkshire to include unrealized gains and losses from its investment portfolio when it reports its net income.

Reduced buybacks did come alongside appreciation in Berkshire stock, which was up 10% in the second quarter.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Berkshire Hathaway’s operating earnings rise nearly 7%, cash pile approaches $150 billionBerkshire Hathaway reported a solid increase in operating earnings, while the cash hoard at Warren Buffett's conglomerate swelled to nearly $150 billion.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »