Berkshire Q2 Operating Income Hits $13B, Net Earnings Double to $25.7B
BRKA is trading near its 52-week low of $693,021.02 (13% above the low) on light trading volume (0.4× avg).
Summary
Berkshire Hathaway reported Q2 operating income of $12.98 billion, a 16% rise, while net earnings more than doubled to $25.67 billion from $12.37 billion a year earlier, driven by $10.9 billion in investment gains. Insurance float grew to approximately $177.5 billion. The company repurchased $4.5 billion of its own shares during the quarter. As of June 30, 66% of the aggregate fair value of equity investments was concentrated in American Express, Apple, Bank of America, Alphabet, and Coca-Cola. The results follow active capital deployment, including the $8.5 billion Taylor Morrison acquisition announced in May and increased stakes in Japanese trading houses, reinforcing the conglomerate's earnings power across insurance, railroads, and energy.
At the time of this announcement, BRKA was trading at $780,000.00 on NYSE in the Finance sector, with a market capitalization of approximately $1T. The 52-week trading range was $693,021.02 to $788,294.88. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.