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Berkshire reports profit surge and accelerates buybacks, adds $10B to Alphabet

Berkshire Hathaway logoBerkshire Hathaway
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Alphabet (Google) logoAlphabet (Google)
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Berkshire Hathaway’s operating profit rose 16.3% to $12.98B and net income more than doubled to $25.67B, beating analysts’ expectations. The company repurchased $4.5B of its own stock and bought nearly $20B more shares than it sold. It also increased its Alphabet holding by $10B via a private placement, ending June with about $365B in cash and Treasury bills.

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