KEY POINTS
  • The Omaha-based conglomerate's operating earnings totaled $10.043 billion last quarter, 6.6% higher than the figure from the same quarter a year ago.
  • Net income totaled $35.91 billion, compared with a $43.62 billion loss during the second quarter last year.
  • Berkshire's massive cash pile grew to $147.377 billion at the end of June, near a record and much higher than the $130.616 billion in the first quarter.

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Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska.

Berkshire Hathaway on Saturday reported a solid increase in second-quarter operating earnings, while the cash hoard at Warren Buffett's conglomerate swelled to nearly $150 billion.

The Omaha-based giant's operating earnings — which encompass profits made from the myriad of businesses owned by the company, like insurance, railroads and utilities — totaled $10.043 billion last quarter, 6.6% higher than the figure from the same quarter a year ago.

In this article