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Top News In வாரன் பஃபெட் பெர்க்ஷயர் ஹாத்வே இன்க் பிர்க்க Today - Breaking & Trending Today

Berkshire operating profit rises, buys back more stock

1 minute read
Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan/File Photo
Warren Buffett s Berkshire Hathaway Inc (BRKa.N) on Saturday said first-quarter operating profit rose 20%, and that it extended its recent aggressive stock repurchases by buying back $6.6 billion of its own stock.
Operating profit increased to $7.02 billion, from $5.87 billion a year earlier.
Berkshire also reported net income of $11.71 billion, or $7,638 per Class A share, compared with a net loss of $49.75 billion, or $30,653 per share, a year earlier. ....

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Factbox: Warren Buffett, Berkshire Hathaway at a glance

8 minute read
Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan/File Photo
Warren Buffett s Berkshire Hathaway Inc (BRKa.N) will hold its annual meeting on May 1 in Los Angeles. As in 2020, the meeting will be held virtually because of the COVID-19 pandemic.
Vice Chairman Charlie Munger, a Californian who missed the 2020 meeting, held in Omaha, Nebraska, will rejoin Buffett on stage to answer 3-1/2 hours of shareholder questions.
For a preview of the meeting, please click on read more ....

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