Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown_老虎社区_美港股上老虎

Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown

Reuters2021-08-09

Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...

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179

Mtan23
·2021-08-09
Nice
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1
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2abbfa10
·2021-08-09
Nice results, but buy buy! [得意] [得意]
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1
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Chimpsey
·2021-08-09
Up up
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2
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nickname168
·2021-08-09
ok
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3
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kwk
·2021-08-09
Like coment
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4
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收起
- nickname168:
  done
  2021-08-09
  回复
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Frisbee
·2021-08-09
ok
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2
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Tailwind
·2021-08-09
Nice
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1
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收起
- Frisbee:
  ok
  2021-08-09
  回复
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Gskm
·2021-08-09
Kind of a scary sign when Buffett thinks there’s nothing worth buying but his own stock.
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2
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- Nebhol:
  Like comment
  2021-08-09
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- tanpp2307:
  Which is also why he doesnt give out dividend for his company’s shares all these years! The captial gain in the shares is far more!
  2021-08-09
  回复
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luv2trade
·2021-08-09
ok
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1
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收起
- Tubaron:
  KO
  2021-08-09
  回复
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deal2deal
·2021-08-09
ok
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2
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收起
- Shop:
  k
  2021-08-09
  回复
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- luv2trade:
  ok
  2021-08-09
  回复
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Ahsiang
·2021-08-09
Omg
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2
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robot1234
·2021-08-09
As expected, another quarter of solid results with operating profit up 21% to $6.69 billion, and net income up 7% to$28.1 billion. Congrats to all her long term retail investors.
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2
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Cherry16
·2021-08-09
[强]
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4
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收起
- El_Nino:
  K
  2021-08-09
  回复
  举报
- Dteg:
  commented
  2021-08-10
  回复
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Francis1977
·2021-08-09
Informative
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2
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Jeezz
·2021-08-09
[强]
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1
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Syww
·2021-08-09
[Strong] [Strong]
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2
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Huat8989
·2021-08-09
Like
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1
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njkk
·2021-08-09
Nice
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1
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1Man2Stonks
·2021-08-09
Good sir
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2
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- njkk:
  k
  2021-08-09
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987ce65
·2021-08-09
Yes
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2
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BRK.A","symbol_name":"伯克希尔","start_time":0,"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","article_id":"1140330029","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","pubTimestamp":1628469800,"sourceInfo":{"source_id":"lsy1601381805984","name":"Reuters"},"weMediaInfo":null,"summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","collect":0,"end_time":0,"defaultTopTitle":"reuters.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"translate_title":"沃伦·巴菲特的伯克希尔B从冠状病毒放缓中复苏","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9},"content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":898875572,"gmtCreate":1628488752196,"gmtModify":1633746739285,"author":{"id":"3579572647008782","authorId":"3579572647008782","authorIdStr":"3579572647008782","name":"Mtan23","avatar":"https://static.tigerbbs.com/21a2ddfc414d0d3eab50e895e776bf23","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898875572","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898358083,"gmtCreate":1628474840842,"gmtModify":1633746911091,"author":{"id":"3555134782523638","authorId":"3555134782523638","authorIdStr":"3555134782523638","name":"2abbfa10","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Nice results, but buy buy!&nbsp;[得意]&nbsp;[得意]&nbsp;","listText":"Nice results, but buy buy!&nbsp;[得意]&nbsp;[得意]&nbsp;","text":"Nice results, but buy buy! [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898358083","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":898397320,"gmtCreate":1628472505660,"gmtModify":1633746955835,"author":{"id":"3578111487107537","authorId":"3578111487107537","authorIdStr":"3578111487107537","name":"Chimpsey","avatar":"https://static.tigerbbs.com/ab58cb989ba2205bb2646f1c4d97c579","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Up up","listText":"Up up","text":"Up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898397320","repostId":1140330029,"repostType":2,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898398407,"gmtCreate":1628472349809,"gmtModify":1633746959277,"author":{"id":"3554931312261326","authorId":"3554931312261326","authorIdStr":"3554931312261326","name":"nickname168","avatar":"https://static.tigerbbs.com/a754f36cb5675cfa98f544bc53807415","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898398407","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898393588,"gmtCreate":1628472234744,"gmtModify":1633746961377,"author":{"id":"3581666905348968","authorId":"3581666905348968","authorIdStr":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like coment","listText":"Like coment","text":"Like coment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/898393588","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5466682,"gmtCreate":1628472346770,"gmtModify":1635156657927,"authorId":3554931312261326,"author":{"id":3554931312261326,"authorId":3554931312261326,"name":"nickname168","avatar":"https://static.tigerbbs.com/a754f36cb5675cfa98f544bc53807415","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898393588,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"EN"},{"id":898399070,"gmtCreate":1628472139290,"gmtModify":1633746962539,"author":{"id":"3586246426804465","authorId":"3586246426804465","authorIdStr":"3586246426804465","name":"Frisbee","avatar":"https://static.tigerbbs.com/4d1d7567b89f270a9a9c4d752dc00fa0","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898399070","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898305523,"gmtCreate":1628471963662,"gmtModify":1633746965013,"author":{"id":"3583705894030764","authorId":"3583705894030764","authorIdStr":"3583705894030764","name":"Tailwind","avatar":"https://static.tigerbbs.com/e34622367968d3257c3ffe6b0d24ff87","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/898305523","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5466639,"gmtCreate":1628472135568,"gmtModify":1635156662161,"authorId":3586246426804465,"author":{"id":3586246426804465,"authorId":3586246426804465,"name":"Frisbee","avatar":"https://static.tigerbbs.com/4d1d7567b89f270a9a9c4d752dc00fa0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898305523,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":898305116,"gmtCreate":1628471931335,"gmtModify":1633746965260,"author":{"id":"4087870479571430","authorId":"4087870479571430","authorIdStr":"4087870479571430","name":"Gskm","avatar":"https://static.tigerbbs.com/db391bf6ca4489e84aaa339876357911","vip":1,"crmLevel":7,"crmLevelSwitch":0},"htmlText":"Kind of a scary sign when Buffett thinks there’s nothing worth buying but his own stock.&nbsp;","listText":"Kind of a scary sign when Buffett thinks there’s nothing worth buying but his own stock.&nbsp;","text":"Kind of a scary sign when Buffett thinks there’s nothing worth buying but his own stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/898305116","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5466648,"gmtCreate":1628472150639,"gmtModify":1635156661328,"authorId":3567411499210880,"author":{"id":3567411499210880,"authorId":3567411499210880,"name":"Nebhol","avatar":"https://static.tigerbbs.com/b0bfc2a45b91e41a283614268857b3a5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898305116,"type":1,"supId":0,"prevId":0,"content":"Like comment","text":"Like comment","html":"Like comment"},{"id":5467102,"gmtCreate":1628474247970,"gmtModify":1635156616242,"authorId":3585983433962847,"author":{"id":3585983433962847,"authorId":3585983433962847,"name":"tanpp2307","avatar":"https://static.tigerbbs.com/b4cb1adebe779f631f65a6b4332f7bc5","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898305116,"type":1,"supId":0,"prevId":0,"content":"Which is also why he doesnt give out dividend for his company’s shares all these years! The  captial gain in the shares is far more! ","text":"Which is also why he doesnt give out dividend for his company’s shares all these years! The  captial gain in the shares is far more! ","html":"Which is also why he doesnt give out dividend for his company’s shares all these years! The  captial gain in the shares is far more! "}],"langContent":"EN"},{"id":898308921,"gmtCreate":1628471769763,"gmtModify":1631893405299,"author":{"id":"3582002202540727","authorId":"3582002202540727","authorIdStr":"3582002202540727","name":"luv2trade","avatar":"https://static.tigerbbs.com/bd9418c94c88a702c1158f4c6fc5c4ba","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/898308921","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5466566,"gmtCreate":1628471822677,"gmtModify":1631893405303,"authorId":3579321262958123,"author":{"id":3579321262958123,"authorId":3579321262958123,"name":"Tubaron","avatar":"https://static.tigerbbs.com/5af676245824ca64a40012bbae2dca16","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898308921,"type":1,"supId":0,"prevId":0,"content":"KO","text":"KO","html":"KO"}],"langContent":"EN"},{"id":898300507,"gmtCreate":1628471588909,"gmtModify":1633746970922,"author":{"id":"3581585579569862","authorId":"3581585579569862","authorIdStr":"3581585579569862","name":"deal2deal","avatar":"https://static.tigerbbs.com/46b0ad63eb20fcaf159e0e315b10d93d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/898300507","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5466538,"gmtCreate":1628471697341,"gmtModify":1635156672018,"authorId":3582022994702843,"author":{"id":3582022994702843,"authorId":3582022994702843,"name":"Shop","avatar":"https://static.tigerbbs.com/d361fd3c4c5677fff3957e6d430ecb52","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898300507,"type":1,"supId":0,"prevId":0,"content":"k","text":"k","html":"k"},{"id":5466552,"gmtCreate":1628471766236,"gmtModify":1635156670659,"authorId":3582002202540727,"author":{"id":3582002202540727,"authorId":3582002202540727,"name":"luv2trade","avatar":"https://static.tigerbbs.com/bd9418c94c88a702c1158f4c6fc5c4ba","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898300507,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":898977000,"gmtCreate":1628471512200,"gmtModify":1633746972307,"author":{"id":"3582617881962608","authorId":"3582617881962608","authorIdStr":"3582617881962608","name":"Ahsiang","avatar":"https://static.tigerbbs.com/310f96e7696af85ae33ece774a483d15","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898977000","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898973558,"gmtCreate":1628471159174,"gmtModify":1628474584542,"author":{"id":"3561596430587504","authorId":"3561596430587504","authorIdStr":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"As expected, another&nbsp;quarter of solid results with&nbsp;operating profit up 21% to $6.69 billion, and net income up 7% to$28.1 billion. Congrats to all her&nbsp;long term retail investors.","listText":"As expected, another&nbsp;quarter of solid results with&nbsp;operating profit up 21% to $6.69 billion, and net income up 7% to$28.1 billion. Congrats to all her&nbsp;long term retail investors.","text":"As expected, another quarter of solid results with operating profit up 21% to $6.69 billion, and net income up 7% to$28.1 billion. Congrats to all her long term retail investors.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898973558","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898970108,"gmtCreate":1628470985904,"gmtModify":1633746980200,"author":{"id":"4087626579975990","authorId":"4087626579975990","authorIdStr":"4087626579975990","name":"Cherry16","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/898970108","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5466478,"gmtCreate":1628471400909,"gmtModify":1635156679044,"authorId":3579591519090572,"author":{"id":3579591519090572,"authorId":3579591519090572,"name":"El_Nino","avatar":"https://static.tigerbbs.com/6b1b731af69caf76640812930188d9d2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898970108,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K"},{"id":5475122,"gmtCreate":1628534837105,"gmtModify":1635155964431,"authorId":3554440412355766,"author":{"id":3554440412355766,"authorId":3554440412355766,"name":"Dteg","avatar":"https://static.tigerbbs.com/60745adc596fd894453f5e2d922e1a3a","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898970108,"type":1,"supId":0,"prevId":0,"content":"commented","text":"commented","html":"commented"}],"langContent":"CN"},{"id":898947699,"gmtCreate":1628470936511,"gmtModify":1633746980994,"author":{"id":"3563665942813728","authorId":"3563665942813728","authorIdStr":"3563665942813728","name":"Francis1977","avatar":"https://static.tigerbbs.com/f41e57e9c6370943666fc4df69655b8f","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Informative","listText":"Informative","text":"Informative","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898947699","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898944073,"gmtCreate":1628470861192,"gmtModify":1633746982577,"author":{"id":"4087967048754970","authorId":"4087967048754970","authorIdStr":"4087967048754970","name":"Jeezz","avatar":"https://static.tigerbbs.com/a70af8809a95756364cc82fcfde2f404","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898944073","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":898945516,"gmtCreate":1628470849535,"gmtModify":1633746982946,"author":{"id":"4087953623473280","authorId":"4087953623473280","authorIdStr":"4087953623473280","name":"Syww","avatar":"https://static.tigerbbs.com/eb83576edbcfb98efcb33d606f168221","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[Strong]&nbsp;[Strong]&nbsp;","listText":"[Strong]&nbsp;[Strong]&nbsp;","text":"[Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898945516","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898948360,"gmtCreate":1628470675550,"gmtModify":1633746986264,"author":{"id":"3564525745521630","authorId":"3564525745521630","authorIdStr":"3564525745521630","name":"Huat8989","avatar":"https://static.tigerbbs.com/2ae8e0a19c3f1c3e762ed55ffc0e5335","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898948360","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898943579,"gmtCreate":1628470608091,"gmtModify":1633746987629,"author":{"id":"3575950181915531","authorId":"3575950181915531","authorIdStr":"3575950181915531","name":"njkk","avatar":"https://static.tigerbbs.com/6382201e8e84ccd3f8e89b9a28e74607","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898943579","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898956687,"gmtCreate":1628470248449,"gmtModify":1633746993416,"author":{"id":"3576990637797737","authorId":"3576990637797737","authorIdStr":"3576990637797737","name":"1Man2Stonks","avatar":"https://static.tigerbbs.com/2c93182b4ac6670e37860fa9cbdfd2d4","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Good sir","listText":"Good sir","text":"Good sir","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/898956687","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5466318,"gmtCreate":1628470615360,"gmtModify":1635156695234,"authorId":3575950181915531,"author":{"id":3575950181915531,"authorId":3575950181915531,"name":"njkk","avatar":"https://static.tigerbbs.com/6382201e8e84ccd3f8e89b9a28e74607","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898956687,"type":1,"supId":0,"prevId":0,"content":"k","text":"k","html":"k"}],"langContent":"EN"},{"id":898953120,"gmtCreate":1628470027560,"gmtModify":1633746996403,"author":{"id":"3582709856792743","authorId":"3582709856792743","authorIdStr":"3582709856792743","name":"987ce65","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898953120","repostId":1140330029,"repostType":4,"repost":{"id":"1140330029","pubTimestamp":1628469800,"share":"https://www.laohu8.com/m/news/1140330029?lang=&edition=full","pubTime":"2021-08-09 08:43","market":"us","language":"en","title":"Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1140330029","media":"Reuters","summary":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its busine","content":"<p>Aug 7 (Reuters) - Warren Buffett's <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.</p>\n<p>The company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.</p>\n<p>Omaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.</p>\n<p>But now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.</p>\n<p>Another sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.</p>\n<p>Second-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.</p>\n<p>Net income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and <a href=\"https://laohu8.com/S/AXP\">American Express</a> Corp(AXP.N).</p>\n<p>Revenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.</p>\n<p>Results were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.</p>\n<p>Many U.S. companies have improved results as the economy rebounds.</p>\n<p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> this month raised its 2021 earnings forecast for <a href=\"https://laohu8.com/S/SMP\">Standard</a> &amp; Poor's 500(.SPX)companies, implying 45% annual growth.</p>\n<p>The second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.</p>\n<p>NET SELLER</p>\n<p>Berkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.</p>\n<p>Buffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.</p>\n<p>\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more</p>\n<p>Valuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.</p>\n<p>The net selling is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.</p>\n<p>Berkshire's share price is up 23.7% in 2021, topping the S&amp;P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.</p>\n<p>\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"</p>\n<p>BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.</p>\n<p><a href=\"https://laohu8.com/S/FBNC\">First</a>-half vehicle sales grew 30% at the <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> Automotive dealerships.</p>\n<p>Homebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.</p>\n<p>The brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.</p>\n<p>Some businesses fared less well.</p>\n<p>Geico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including <a href=\"https://laohu8.com/S/ALL\">Allstate</a> Corp(ALL.N)and <a href=\"https://laohu8.com/S/PGR\">Progressive</a> Corp(PGR.N)have also reported more accidents.</p>\n<p>Berkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's Berkshire Hathaway recovers from coronavirus slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling ...</p>\n\n<a href=\"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.reuters.com/business/berkshire-hathaway-operating-profit-rises-21-2021-08-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140330029","content_text":"Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc(BRKa.N)on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.\nThe company Buffett has run since 1965 also signaled the billionaire's confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.\nOmaha, Nebraska-based Berkshire's manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.\nBut now, Berkshire said its BNSF railroad, namesake auto dealership and housing units are among many businesses seeing \"significant\" recoveries despite supply chain disruptions and higher costs, with earnings and revenue in some instances topping pre-pandemic levels.\nAnother sign of improvement was Berkshire's decision not to repeat a caution in its previous quarterly results that other operating units still faced adverse effects from the pandemic.\nSecond-quarter operating profit rose 21% to $6.69 billion, or about $4,424 per Class A share, from $5.51 billion, or about $3,463 per share, a year earlier.\nNet income rose 7% to $28.1 billion, or $18,488 per Class A share, bolstered by unrealized gains in Berkshire's $192 billion of investments in Apple Inc(AAPL.O), $Bank of America Corp(BAC-N)$(BAC.N)and American Express Corp(AXP.N).\nRevenue jumped 22% to $69.1 billion. Berkshire also owns such businesses as the Geico auto insurer and See's Candies.\nResults were \"pretty strong, reflecting broad economic strength,\" said Jim Shanahan, an Edward Jones analyst. He rates Berkshire \"buy\" and raised his earnings forecast through 2022.\nMany U.S. companies have improved results as the economy rebounds.\nGoldman Sachs this month raised its 2021 earnings forecast for Standard & Poor's 500(.SPX)companies, implying 45% annual growth.\nThe second quarter was also notable for Buffett's revealing that if he were to step down, Berkshire's next chief executive would be Greg Abel, a vice chairman overseeing Berkshire's non-insurance businesses. Buffett turns 91 on Aug. 30.\nNET SELLER\nBerkshire's buybacks, including at least $1.7 billion in July when its share count declined further, boosted total share repurchases to about $39 billion since the end of 2019.\nBuffett has aggressively repurchased Berkshire shares as high stock market valuations and the growth of special purpose acquisition companies, which take private companies public, make buying whole companies appear too costly.\n\"It's a killer,\" Buffett said at Berkshire's annual meeting on May 1, referring to SPACs.read more\nValuations may have also played a role in Berkshire's selling $1.1 billion more stocks than it bought in the quarter.\nThe net selling is one reason Berkshire ended June with $144.1 billion of cash and equivalents, despite the buybacks.\nBerkshire's share price is up 23.7% in 2021, topping the S&P 500's 18.1% gain, after trailing the index significantly in 2019 and 2020.\n\"It's very clear they're having difficulty deploying capital in public markets,\" Shanahan said. \"Given the valuation of the stock, we should expect Berkshire's buybacks to be the preferred source of capital deployment.\"\nBNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.\nFirst-half vehicle sales grew 30% at the Berkshire Hathaway Automotive dealerships.\nHomebuying also rebounded, boosting quarterly reported profit 43% at Clayton Homes mobile homes and 129% at Berkshire's namesake real estate brokerage.\nThe brokerage is part of Berkshire Hathaway Energy, where wind power tax credits helped increase profit 17%.\nSome businesses fared less well.\nGeico's pretax underwriting profit fell 70% as people drove, and crashed, more often. Rivals including Allstate Corp(ALL.N)and Progressive Corp(PGR.N)have also reported more accidents.\nBerkshire also said revenue fell 9% at Precision Castparts, the aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders. It said a big rebound is not likely soon because customers have enough parts.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":179,"commentSize":20,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}