Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) reported that its second quarter net earnings attributable to its shareholders was $12.370 billion or $8,601 per Class A share, lower than $30.348 billion or $21,122 per Class A share in the same quarter last year.
Earnings before income taxes fell to $14.750 billion from $38.137 billion last year.
Investment gains for the latest-quarter declined to $6.364 billion from $23.857 billion in the prior year.
Operating earnings for the quarter decreased to $11.160 billion from $11.598 billion in the prior year.
Total revenues for the quarter were $92.515 billion down from $93.653 billion in the previous year.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.