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Berkshire Hathaway (BRK) earnings Q1 2021

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Warren Buffett.

Gerald Miller | CNBC

Berkshire Hathaway‘s operating earnings rebounded as the conglomerate’s businesses recovered from the pandemic hit. Chairman Warren Buffett kept buying back Berkshire shares aggressively in the first quarter, but at a slightly slower pace.

Berkshire reported operating income of $7.018 billion in the first quarter, up 20% from $5.871 billion in the same period a year ago. The conglomerate’s hodge-podge of businesses including insurance, transportation, utility, retail and manufacturing saw signs of a recovery amid the economy reopening.

During the first quarter, the company bought back $6.6 billion of Berkshire shares, after a record $24.7 billion in…



Source cnbc.com

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