Berkshire Hathaway
operating profits rose 39% in the second quarter, topping estimates, on strength in the company’s insurance and railroad businesses as well as sharply higher investment income.
The company continued to moderate its pace of share repurchases from elevated levels in 2021, buying back just $1 billion ofstock in the period, down from $3.2 billion in the first quarter and a rate of about $7 billlion a quarter during 2021.
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