Warren Buffett's Berkshire Hathaway Inc on Saturday said quarterly operating profit was little changed from last year, as improved results from manufacturing, services and retailing businesses offset lower profit from insurance underwriting.
Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photoon Saturday said quarterly operating profit was little changed from last year, as improved results from manufacturing, services and retailing businesses offset lower profit from insurance underwriting.
The conglomerate also said it repurchased $3.2 billion of its own stock in the quarter, on top of committing more than $18 billion to the purchase of insurer Alleghany Corp
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