Berkshire Q2 EPS Crushes Estimates, Buybacks Surge to $4.5B
BRKA is trading near its 52-week low of $693,021.02 (15% above the low).
Summary
Berkshire Hathaway delivered a strong Q2 earnings beat, with adjusted operating EPS of $6.02 trouncing the $5.13 consensus by 17%. Revenue climbed 10% to $101.8 billion, and net earnings more than doubled to $25.7 billion. The manufacturing segment led with a 24% profit jump, while insurance underwriting slipped 13%. CEO Greg Abel authorized $4.5 billion in buybacks, a dramatic ramp from the prior quarter's $235 million, signaling a shift from the cash-hoarding Buffett era. The stock rose 1.3% on the news, extending its uptrend. This follows the initial Q2 report on August 8, adding granular segment data and the buyback surge.
At the time of this announcement, BRKA was trading at $793,815.21 on NYSE in the Finance sector, with a market capitalization of approximately $1T. The 52-week trading range was $693,021.02 to $806,102.81. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.