Buffett’s Berkshire Hathaway swings to Q2 profit, trims buybacks from Q1
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.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Warren Buffett dismisses Fitch downgrade: 'There are some things you shouldn't worry about'Billionaire investor Warren Buffett says Fitch downgrade won't change Berkshire Hathaway's Treasury-buying plans.
Leer más »
Berkshire Hathaway’s Profits RiseWarren Buffett’s Berkshire Hathaway swung to a profit in the second quarter as the company’s massive investment portfolio posted strong gains
Leer más »
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.
Leer más »
Buffett's Berkshire nears record high, boosted by Apple stake, economyWarren Buffett's Berkshire Hathaway closes in on record high as its Apple stake and brighter outlook cheer investors
Leer más »
Warren Buffett Is Buying Treasuries Regardless of US Downgrade by FitchIt’s business-as-usual for Warren Buffett’s Berkshire Hathaway after Fitch Ratings’ downgrade of the US.
Leer más »
Warren Buffett waves off Fitch's cut to US credit ratingWarren Buffett waves off Fitch's cut to America's credit rating - and says he's buying Treasuries as normal
Leer más »