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<ul> 
 <li>Warren Buffett’s Berkshire Hathaway (BRKB) reports strong Q1 earnings and a significant increase in cash, with further growth expected.</li> 
 <li>Operating earnings jumped 39% to $11.222 billion, driven by gains in insurance underwriting and insurance investment income.</li> 
 <li>Berkshire’s cash rose to a record $188.99 billion, with Buffett expecting it to reach $200 billion by the end of June.</li> 
</ul> 
<p><strong>Berkshire Hathaway’s Q1 earnings exceed expectations, driven by gains in insurance underwriting and investment income. The company’s cash reserves also hit a new record, with further increases anticipated.</strong></p> 
<h2 id="strong-berkshire-s-q1-earnings-strong"><strong>Berkshire’s Q1 Earnings</strong></h2> 
<p>Operating earnings for Berkshire Hathaway surged 39% to $11.222 billion, fueled by significant gains in insurance underwriting and insurance investment income. Revenue rose by 5% to $89.87 billion, exceeding analysts’ expectations of a 2% increase to just over $87 billion. Despite a 64% plunge in total net income, which includes investment gains or losses, the decline was less than the anticipated 72%.</p> 
<h3 id="strong-buybacks-and-cash-levels-strong"><strong>Buybacks and Cash Levels</strong></h3> 
<p>Berkshire repurchased $2.6 billion worth of its own shares, following a $2.2 billion repurchase in 2023, bringing the total to $9.2 billion. The company’s cash reserves swelled to a new record of $188.99 billion, up from Q4’s $167.6 billion and Q3’s $157.2 billion. Buffett expects the cash levels to reach $200 billion by the end of June, stating that the company would love to spend it but will only do so on low-risk, high-return investments.</p> 
<h2 id="strong-berkshire-trims-apple-stock-holdings-strong"><strong>Berkshire Trims Apple Stock Holdings</strong></h2> 
<p>Berkshire Hathaway reduced its Apple (AAPL) stake for the second consecutive ... <a href="https://en.coinotag.com/berkshire-hathaway-reports-soaring-earnings-warren-buffett-trims-apple-aapl-stake-yet-again/">Read the full article for FREE at COINOTAG!</a></p>

Berkshire Hathaway Reports Soaring Earnings & Cash Reserves; Warren Buffett Trims Apple (AAPL) Stake Yet Again

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