Berkshire Hathaway's new CEO Greg Abel spends a chunk of the company's massive cashpile
- Berkshire Hathaway's CEO Greg Abel invested $10 billion in Google's parent company and repurchased $4.5 billion of its shares.
- The company's cash holdings decreased to $365.5 billion from nearly $400 billion at the end of March.
- Berkshire reported a profit of $25.667 billion for the second quarter, more than doubling from the previous year.
- The company resumed share buybacks after more than two years, purchasing $4.5 billion worth of shares in the second quarter.
Berkshire Hathaway's new CEO Greg Abel has utilized a significant portion of the company's cash reserves, investing $10 billion in Alphabet, Google's parent company, and repurchasing approximately $4.5 billion of its own shares. As a result, the conglomerate's cash holdings have decreased from nearly $400 billion at the end of March to $365.5 billion.
In its second-quarter earnings report, Berkshire Hathaway disclosed a profit of $25.667 billion, which is a substantial increase from the $12.37 billion reported in the same period last year. This increase was attributed to a strong paper gain in the value of its investments, particularly following a previous writedown in Kraft Foods.
Additionally, the company has resumed share buybacks after a hiatus of over two years, with the recent repurchase amounting to $4.5 billion, which analysts view positively. However, the total buyback was on the lower end of investor expectations, as predictions had suggested repurchases could range between $5 billion and $11 billion.
伯克希尔·哈撒韦新任首席执行官格雷格·阿贝尔花费公司巨额现金
伯克希尔·哈撒韦的新任首席执行官格雷格·阿贝尔利用了公司现金储备的相当一部分，投资了100亿美元于谷歌的母公司Alphabet，并回购了约45亿美元的股票。因此，公司的现金持有量从3月底的近4000亿美元减少至3655亿美元。
在第二季度的财报中，伯克希尔·哈撒韦披露利润为256.67亿美元，较去年同期的123.7亿美元大幅增长。这一增长归因于其投资价值的强劲纸面收益，尤其是在此前对卡夫食品的减记之后。
此外，公司在超过两年的时间后恢复了股票回购，最近的回购金额达到45亿美元，分析师对此持积极看法。然而，总体回购金额低于投资者的预期，预测显示回购可能在50亿至110亿美元之间。