5 Stocks that Just Delivered Impressive Quarterly Earnings

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1. Berkshire Hathaway Inc. (NYSE: BRK-B)

Number of Hedge Fund Holders: 111

Berkshire Hathaway is one of the world’s largest holding companies. It has stakes in numerous publicly listed companies, besides owning several businesses in insurance, railroad, power generation, and retail sectors.

The company recently announced solid results for the second quarter, fueled by a strong recovery in energy, railroads, and utilities segments. Berkshire’s Q2 profit rose 6.8 percent on a year-over-year basis to $28.1 billion. In addition, operating earnings for the quarter jumped 21 percent to $6.69 billion.

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Revenue for the quarter surged 21.6 percent on a year-over-year basis to $69.1 billion. Moreover, the company’s cash pile in the quarter swelled to $144.1 billion, compared to $138.3 billion at the end of 2020. Berkshire also revealed that it reacquired $6 billion worth of its shares during the quarter, bringing the total to $12.6 billion on a year-to-date basis.

You can also take a peek at 10 Best NFT Stocks to Buy Now and 10 Best EV Materials Stocks to Buy.

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