Warren Buffett's Berkshire Hathaway posts nearly $40 billion profit
CNN
Warren Buffett's Berkshire Hathaway reported a nearly $40 billion profit in the fourth quarter, up more than 10% from the same period of 2020. Profits more than doubled for the full year, to just shy of $90 billion.
Operating earnings, Buffett's preferred measure of profitability, soared 45% in the fourth quarter to $7.3 billion and rose 25% for the full year to about $27.5 billion.
The company added it bought back $6.9 billion worth of stock during the quarter, a move which also helped to boost its earnings per share.
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