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Berkshire Hathaway (NYSE:BRK.B) (BRK.B) scaled back its share repurchases in the second quarter of the year. Q2 operating earnings rose from the previous quarter and from a year ago.
The company bought back ~$1.0B of common stock during the quarter, vs. $3.2B it spent in Q1 and $6.9B of shares it repurchased in Q4 2021.
The Omaha-based company that Warren Buffett built held $!05.4B of cash and short-term securities as of June 30, 2021, down only slightly from $106.3B at March 31.
Q2 operating earnings of $$9.28B vs. $7.04B in Q1 and $6.69B in Q2 2021. Berkshire (BRK.B) had $53.0B in investment and derivative losses vs. gains of $21.4B in the year-ago quarter.
Insurance float was ~$147B at June 30, vs. $148B at March 31.
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See why SA contributor Yiannis Zourmpanos calls Berkshire (BRK.B) a stock to navigate the recession
Image and article originally from seekingalpha.com. Read the original article here.