News Formal

Buffett buys back record $5.1 billion in Berkshire stock as coronavirus hits operating earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Warren Buffett’s Berkshire Hathaway says it repurchased $5.1 billion of its own stock during Q2.

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

Berkshire Class A and Class B shares plunged more than 19% in the first quarter and lagged the S&P 500 during the second quarter with declines of more than 1%. Berkshire's investments in public markets gained $34.5 billion in the quarter. That gain caused overall second-quarter net earnings to surge to $26.3 billion, up from $14.1 billion a year ago. However, unrealized gains from investments quarter to quarter are volatile and Buffett himself warns investors not to focus on that overall net earnings figure.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The only reason it's rising cuz the businesses SUCK.

'greatest value of stock of them all.... MINE' - Warren Buffett $BRK.A $BRK.B

that Is boring

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Dow, S&P react to Trump orders, China, virus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »