𝐁𝐞𝐫𝐤𝐬𝐡𝐢𝐫𝐞 𝐇𝐚𝐭𝐡𝐚𝐰𝐚𝐲: 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐑𝐢𝐬𝐞 𝟏𝟔%, 𝐁𝐮𝐲𝐛𝐚𝐜𝐤𝐬 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐞

$BRK.B (-0,33 %)

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📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• Net Earnings: $25.67B vs. $12.37B YoY

• Operating Earnings: $12.98B vs. $11.16B YoY, +16%

• Class B EPS: $11.91 vs. $5.73 YoY

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📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Manufacturing, service and retailing operating earnings rose to $4.47B from $3.60B, while BNSF increased to $1.56B and Berkshire Hathaway Energy to $891M.

• Insurance underwriting earnings declined to $1.73B from $1.99B, while insurance investment income fell to $3.06B from $3.37B.

• Berkshire repurchased approximately $4.5B of its own shares in Q2, bringing first-half buybacks to roughly $4.8B. Insurance float reached approximately $177.5B.

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💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲

“The amount of investment gains or losses in any given quarter is usually meaningless and delivers figures for net earnings per share that can be extremely misleading.”