Berkshire Hathaway First Quarter Operating Profits Edged Higher as Buybacks Slowed - BitcoinEthereumNews.com
KabuhayanAng Mga Kita sa Operating sa Unang Kwarter ng Berkshire Hathaway ay Mas Mataas dahil Bumagal ang Mga Buyback04 / 30 / 2022Balita ng Ethereum ng Bitcoin n n n Berkshire Hathawayn n made a big bet on other stocks in the first quarter, and energy was a favorite. Warren Buffett‘s company bought $51.1 billion worth of equities in the quarter, according to the company’s 10-Q filing. Among the purchases were billions of dollars worth of n n n Chevron n (ticker: CVX) at n n n Occidental Petroleumn n (OXY). Berkshire also reported Saturday that its first-quarter operating earnings after taxes totaled $7 billion in the first quarter, up less than 1% from the year-earlier period, as the company scaled back the repurchase of its shares as the stock price rallied. Berkshire Hathaway (ticker: BRK/A, BRK/B) bought back $3.2 billion of its own stock in the first quarter, down from $6.9 billion in the fourth quarter of 2021. The company repurchased $27 billion of stock in 2021. The profit report was released before the start of Berkshires anual meeting in Omaha Saturday when CEO Warren Buffett and vice chairmen Charlie Munger, Greg Abel and Ajit Jain field several hours of questions from Berkshire shareholders. Long-time Berkshire shareholders