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5/1, 2:50 PM (Source: TeleTrader)
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Berkshire Hathaway Q1 operating income jumps 20% to $7.02B

Berkshire Hathaway announced on Saturday the company's operating income jumped 20% on the year to $7.02 billion as the economic recovery from the coronavirus pandemic picked up in the first quarter of 2021.

During the same period, the company revealed it bought back $6.6 billion of Berkshire shares. Meanwhile, the company headed by billionaire investor Warren Buffett also reported net earnings of $11.71 billion and revenue of $64.6 billion.

Berkshire's annual meeting will take place virtually later in the day with Buffett and Vice Chairman Charlie Munger.

Breaking the News / JC