On Saturday, Warren Buffett’s Berkshire Hathaway Inc. reported that its first-quarter earnings came to $35.5 billion, reflecting gains from common stocks like Apple Inc. Additionally, operating profit was boosted by greater income from investments.
The net income increased from $5.58 billion, or $3,784 per share, a year earlier to $24,377 per Class A share.
Operating profit for the third quarter grew 13% to $8.07 billion, or approximately $5,561 per Class A share.
The Omaha, Nebraska-based business reported that it also spent $4.4 billion on its own stock repurchases during the quarter.
