Berkshire Hathaway beats Q2 estimates, accelerates buybacks and equity purchases

EarningsCorporate Action
โดย Seeking Alpha·US·Read original
Summary · why it matters

Berkshire Hathaway posted second-quarter operating earnings per Class B share of $6.03, easily beating the $5.13 consensus forecast, and accelerated capital deployment with a $4.5 billion share buyback—its largest since 2021—and nearly $22 billion in equity purchases, including a new $10 billion stake in Google parent Alphabet. The conglomerate's cash pile slipped to $365.5 billion from $397.4 billion at the end of the first quarter, marking a shift from the prior nine months when it was a net seller of equities. In other corporate news, Barrick Mining reached an agreement with Newmont over their Nevada Gold Mines joint venture, resolving all outstanding conflicts and clearing the path for Barrick to list its North American assets in New York, with Newmont making a one-time payment of $1.95 billion to Barrick; however, Barrick shares fell 5.8% pre-market after missing second-quarter adjusted earnings expectations. Archer Aviation announced it will acquire Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries for an undisclosed sum, sending its shares up 12.5% in premarket trading. GameStop CEO Ryan Cohen is reportedly considering withdrawing his $56 billion buyout offer for eBay to propose a partnership or joint venture instead, according to Bloomberg.

Impact on stocks 8

Critical Materials & Supply Chain▼ · 2 stocks
Newmont Goldcorp Corp
NEM
▼ NegativeCapitalrelevance

Barrick Mining missed Q2 earnings expectations, causing shares to fall; Newmont made a one-time payment to Barrick.

Consumer Discretionary▲ · 2 stocks
eBay Inc
EBAY
± MixedCapitalrelevance

CEO considering withdrawing buyout offer to propose partnership or JV

Energy Transition & Power Demand▲ · 1 stocks
Advanced Air Mobility (eVTOL)▲ · 1 stocks
Archer Aviation Inc
ACHR
▲ PositiveCapitalrelevance

Acquiring Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries for expansion

Artificial Intelligence▲ · 1 stocks
Alphabet Inc Class C
GOOG
▲ PositiveCapitalrelevance

Berkshire Hathaway acquired a new $10 billion stake in Alphabet, indicating confidence.

Defense & Geopolitical Fragmentation▲ · 1 stocks
The Boeing Company
BA
± MixedCapitalrelevance

Selling subsidiaries to Archer Aviation, impact on Boeing not detailed

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