Berkshire Hathaway Scales Back Share Repurchases to $1.0B, Operating Earnings Gain

Seeking Alpha2022-08-06

Berkshire Hathaway (NYSE:BRK.B) (BRK.B) Q2 operating earnings rose 32% from the previous quarter and 39% from a year ago, on strength from all its major operating divisions. Slumping equity markets in...

Source Link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • KH321
    2022-08-08
    KH321
    OK
  • PearlynCSY
    2022-08-08
    PearlynCSY
    Berkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout. The conglomerate’s operating earnings totaled $9.283 billion in the second quarter of 2022, marking a 38.8% increase from a year ago.However, the company posted a $53 billion loss on its investments during the quarter.Warren Buffett again asked investors to not focus on the quarterly fluctuations in its equity investments.“The amount of investment gains/losses in any given quarter is usually meaningless and delivers figures for net earnings per share that can be extremely misleading to investors who have little or no knowledge of accounting rules,” Berkshire said in a statement.The conglomerate showed a massive cash hoard of $105.4 billion at the end of June even though the giant has b
  • WKH
    2022-08-07
    WKH
    Ok
  • yaozong7
    2022-08-07
    yaozong7
    In Warren we trust! 
  • Blading23
    2022-08-07
    Blading23
    Like
  • tigernaut
    2022-08-07
    tigernaut
    👍🏻
Leave a comment