Reported 1 day ago
Berkshire Hathaway, led by Warren Buffett, announced a 3.79% decrease in operating earnings for Q2 compared to last year, marking its first earnings report since Buffett revealed plans to resign. The company made $20.8 billion in operating earnings for the first half of the year, down 8.8%. Q2 net income fell 59% to about $12.37 billion, with significant declines in earnings from its insurance business. The company also cited challenges from trading policies affecting revenue across several brands.
Source: YAHOO