Berkshire Hathaway reported better-than-expected earnings while the conglomerate, no longer run by Warren Buffett, announced a big increase in share buybacks and a significant decline in its cash hoard. The stock is in a buy zone. Berkshire Hathaway (BRKB) reported Q2 operating earnings of $12.98 billion, up 16% vs. a year earlier. Revenue climbed 10% to $101.8 billion. Both beat…
Berkshire Beats Earnings Views, Ups Buybacks, Cuts Cash Hoard
The stock is in a buy zone as investors get over their post-Buffett hangover.
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