Berkshire Hathaway's Buyback Engine Roars Back As Net Earnings More Than Double To $25.7 Billion
Berkshire Hathaway said Saturday that second-quarter net earnings attributable to shareholders jumped to $25.67 billion, more than double the $12.37 billion posted a year earlier.
Berkshire Hathaway made more than twice as much money this quarter compared to last year, which means the company is doing really well and buying back its own stock (paying to own more of itself). When a strong company buys back its own shares, it can be a sign that leaders think their business is in good shape.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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