Reported 2 months ago
Warren Buffett's Berkshire Hathaway reported a 15% rise in operating profit for Q2, reaching $11.6 billion, despite a 15.5% decline in net earnings from the previous year, primarily due to reduced investment gains amid market volatility. The company’s cash reserves grew to $277 billion as it continued to sell off its substantial stake in Apple, decreasing its value from $135.4 billion to $84.2 billion, while also experiencing modest gains in other key holdings.
Source: YAHOO