Economy · World
Berkshire Hathaway Reports Q2 Profit Rise Amid Stock Buybacks and Investments
Berkshire Hathaway announced a 16% increase in its second-quarter profit, reaching $12.98 billion. The company's revenue also saw a surge, though its cash reserves decreased due to accelerated stock buybacks totaling $4.5 billion. During the quarter, Berkshire Hathaway invested $10 billion in Alphabet stock. While BNSF Railway and other sectors showed profit growth, Geico experienced struggles.
How outlets across the spectrum covered it
Left 0 · Centre 5 · Right 0 n = 5
- Centre (5): Mint, Telangana Today, The Free Press Journal, The Hindu BusinessLine, The Times of India
- International (6): Australian Financial Review, Business Insider, Financial Times, Fortune, Reuters, The Globe and Mail