BERKSHIRE HATHAWAY (BRK.A.US)'s operating profit for the second quarter elevated 16.3% YoY to USD12.98 billion, beating analysts' expectations, as improvements in businesses including BNSF Railway and NetJets private aviation unit offset weak performance at Geico auto insurance.

BERKSHIRE HATHAWAY began reducing its massive cash reserves in 2Q, snapping 14 straight quarters of net stock selling. Stock purchases exceeded stock sales by nearly USD20 billion last quarter, including an additional USD10 billion investment in Alphabet Inc. (GOOGL.US).

In addition, the company repurchased USD4.5 billion of shares in 2Q and further repurchased more than USD3.3 billion in July.

BERKSHIRE HATHAWAY held USD364.7 billion in cash at the end of June, down from the record USD380.2 billion three months earlier.
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AASTOCKS Financial News
Website: www.aastocks.com

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