Quartz·1 min read·medium
Berkshire Hathaway posted higher profit as Greg Abel ramped up buybacks and stock purchases
✦AI Summary
Berkshire Hathaway reported a 16% increase in operating earnings to $12.98 billion. The conglomerate also increased its market activity by spending $4.5 billion on stock buybacks and becoming a net buyer of equities.
Operating earnings rose 16% to $12.98 billion, while the conglomerate spent $4.5 billion on buybacks and became a net buyer of equities
businesseconomy
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