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Berkshire Hathaway posts 7% gain in 2Q profit

Warren Buffett gave another $4.1 billion to charity
Posted at 10:17 AM, Aug 07, 2021
and last updated 2021-08-07 11:17:05-04

NEW YORK (AP) — Warren Buffett’s Berkshire Hathaway company reported a 7% gain in profit for the second quarter as the conglomerate saw improvements in its railroad, utilities and energy companies.

Berkshire Hathaway, based in Omaha, Nebraska, said Saturday that it earned $28.1 billion, or $18,488 per Class A share, during the second quarter.

A year earlier, Berkshire reported a profit of $26.3 billion, or $16,314 per Class A per share.

Buffett has long said Berkshire’s operating earnings offer a better view of quarterly performance because they exclude investments and derivatives, which can vary widely.

By that measure, Berkshire’s operating earnings improved to $6.7 billion during the quarter from $5.5 billion in the year-ago period.

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