News Formal

Buffett buys back a record $5.1 billion in Berkshire stock as operating earnings take a big hit

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Buffett buys back $5.1 billion in Berkshire Hathaway stock as operating earnings take hit from coronavirus

as the coronavirus pandemic dented operations for Warren Buffett's conglomerate.

The share repurchase is the most ever in a single period for Buffett, nearly double the $2.2 billion the conglomerate bought back in the final quarter of 2019. In fact, the amount is slightly more than what Buffett spent buying back Berkshire stock in all of 2019. The company also took a charge of approximately $10 billion from Precision Castparts, Berkshire's largest business within its manufacturing segment.reporting a strong net income along with weaker operating resultsBerkshire is heavily invested in several companies that have rallied since the broader stock market bottomed in late March. Apple — Berkshire's biggest common stock holding — has nearly doubled since March 23.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Are dividends next Becky Quick needs to get on this on Monday Squawk

Mixed quarter for $BRK.B, earnings beat, missed on revenue as railroads, insurance and energy, utilities underperformed. Buffet still has plenty of free cash flow, close to $150 billion that is up from last year. We could see some M&A later this year.

The company Is a 100Year sick whale

Why not an even number like $5Billion?

Manipulation

He probabaly should have bought Tesla 😐

Smart move.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Buffett's Berkshire expected to post a quarterly earnings surge as market comeback boosts portfolioInvestors are preparing for a variety of news in Berkshire Hathaway's second-quarter earnings report this weekend. The old man who capitulated and sold airlines at the absolute bottom, and then missed the historical V-shaped recovery ? No thanks . Buffet quit on America WarrenBuffett
Källa: CNBC - 🏆 12. / 72 Läs mer »

Analysts see stocks like PayPal and Apple emerging from earnings season with more upsideYour weekend brief: Analysts see stocks like PayPal and Apple emerging from earnings season with more upside
Källa: CNBC - 🏆 12. / 72 Läs mer »