
Berkshire Hathaway (BRK.A) shares experienced a decline after Warren Buffett's conglomerate reported a slight drop in operating earnings, alongside an ongoing selloff of stocks and a cessation of buybacks. The Omaha-based giant saw operating earnings decrease by 3.8% in the second quarter of fiscal 2025.
Railroad, energy, manufacturing, service, and retail sectors all posted increased profits year-over-year (YOY), but a decline in insurance underwriting weighed down overall results. Both Class A and B shares of Berkshire fell nearly 3% on Aug. 4 following the earnings release.