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Berkshire Hathaway reports Q2 profits down to $12.37B, impacted by writedown on Kraft Heinz.
Berkshire Hathaway reported a significant drop in second-quarter profits to $12.37 billion, down from $30.35 billion in the same period last year, largely due to a $3.76 billion writedown on its Kraft Heinz investment.
Despite this, operating earnings were only slightly down at $11.16 billion.
The company's overall performance was stable, with strong results from most of its businesses like Geico and BNSF Railway, but it faced challenges from Trump's tariffs and changing consumer preferences in the food sector.
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Berkshire Hathaway informa que las ganancias del segundo trimestre se redujeron a 12.370 millones de dólares, afectadas por la reducción de valor de Kraft Heinz.