Berkshire Hathaway Buys Back $4.5 Billion in Q2 Shares as Operating Earnings Rise 16%
Updated
Updated · Yahoo Finance · Aug 8
Berkshire Hathaway Buys Back $4.5 Billion in Q2 Shares as Operating Earnings Rise 16%
3 articles · Updated · Yahoo Finance · Aug 8
Summary
$4.5 billion in second-quarter buybacks gave Berkshire Hathaway its largest quarterly shareholder payout since 2021 after it resumed repurchases earlier this year.
Greg Abel said Berkshire restarted buybacks because management judged the shares' intrinsic value to be above their market price.
Operating earnings climbed 16% in the three months through June, reinforcing the stronger quarter alongside the stepped-up capital return.
The Omaha-based conglomerate's shares were already up 3.8% this year through Friday's close, showing investors had been rewarding the business before the latest results.