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Berkshire Hathaway shares dipped after Warren Buffett’s conglomerate reported a small decline in operating earnings, while continuing a stock-selling spree and a buyback halt.
The Omaha-based giant saw operating earnings including those from its insurance and railroad businesses decline dip 4% year over year to $11.16 billion in the second quarter. While railroad, energy, manufacturing, service and retailing all reported higher profits from a year ago, a drop in insurance underwriting dragged down overall results.
Class A and B shares of Berkshire both declined more than 2% Monday following the results. The stock has fallen about 12% from its all-time high in early May right before the 94-year-old Buffett announced that Greg Abel is taking over as CEO at the end of 2025.
A move that caught many by surprise was a big write-down for Berkshire’s underperforming Kraft Heinz
