Berkshire Hathaway Stock News: Record Highs After Strong Quarterly Report
Berkshire Hathaway Shares Soar to Record Highs
Berkshire Hathaway Inc (BRK-B) shares surged to record highs on Monday, following the release of a strong quarterly report that showed a rebound in insurance operations. The company's Class B shares closed at $353.41, up 2.2% from Friday's close.
Highest Quarterly Operating Profit
Berkshire Hathaway also reported its highest ever quarterly operating profit on Saturday, August 5. The company's operating profit surged 21% to $7.7 billion, primarily driven by gains from stock holdings.
Warren Buffett's Conglomerate
Led by billionaire investor Warren Buffett, Berkshire Hathaway is a conglomerate with diverse businesses, including insurance, energy, manufacturing, and retailing. The company's first-quarter profit reflected improved performance across its insurance operations, including Geico, General Re, and BNSF Railway.
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