Berkshire Hathaway Share Buybacks and Operating Profit Increase
BRK-B Berkshire Hathaway Inc
$575.25 +0.76%
View chart & analysis → - 1Berkshire Hathaway purchased 7.1 million shares in the second quarter.
- 2Berkshire Hathaway's operating profit rose 16% to $13 billion in the second quarter.
- 3Morningstar analyzed that Berkshire is trading at a 10% premium and is slightly overvalued.
So what's the key point?
Berkshire Hathaway bought 7.1 million of its own shares and its operating profit also increased. However, experts analyzed that the stock is a bit expensive relative to its earnings.
Source Seeking Alpha +3 · View original ↗
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